Minnesota Legislature
HF 2204
as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:00am
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 03/30/2009 |
Current Version - as introduced
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A bill for an act
relating to taxation; property; enhancing the property tax refund and reducing
the market value homestead credit; amending Minnesota Statutes 2008, sections 273.1384, subdivision 1; 290A.04, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2008, section 273.1384, subdivision 1, is amended to
read:
Subdivision 1.
Residential homestead market value credit.
Each county auditor
shall determine a homestead credit for each class 1a, 1b, and 2a homestead property
within the county equal to 0.4 percent of the first deleted text begin $76,000deleted text end new text begin $75,000new text end of market value of
the property minus deleted text begin .09deleted text end new text begin 0.1new text end percent of the market value in excess of deleted text begin $76,000deleted text end new text begin $75,000new text end .
The credit amount may not be less than zero. In the case of an agricultural or resort
homestead, only the market value of the house, garage, and immediately surrounding one
acre of land is eligible in determining the property's homestead credit. In the case of a
property that is classified as part homestead and part nonhomestead, (i) the credit shall
apply only to the homestead portion of the property, but (ii) if a portion of a property is
classified as nonhomestead solely because not all the owners occupy the property, not all
the owners have qualifying relatives occupying the property, or solely because not all the
spouses of owners occupy the property, the credit amount shall be initially computed as
if that nonhomestead portion were also in the homestead class and then prorated to the
owner-occupant's percentage of ownership. For the purpose of this section, when an
owner-occupant's spouse does not occupy the property, the percentage of ownership for
the owner-occupant spouse is one-half of the couple's ownership percentage.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2010 and
thereafter.
new text end
Sec. 2.
Minnesota Statutes 2008, section 290A.04, subdivision 2, is amended to read:
Subd. 2.
Homeowners.
A claimant whose property taxes payable are in excess
of the percentage of the household income stated below shall pay an amount equal to
the percent of income shown for the appropriate household income level along with the
percent to be paid by the claimant of the remaining amount of property taxes payable.
The state refund equals the amount of property taxes payable that remain, up to the state
refund amount shown below.
| Household Income |
Percent of Income |
Percent Paid by Claimant |
Maximum State Refund |
|||
| $0 to 1,189 |
1.0 percent |
15 percent |
$ |
deleted text begin
1,850 deleted text end new text begin 2,040 new text end |
||
| 1,190 to 2,379 |
1.1 percent |
15 percent |
$ |
deleted text begin
1,850 deleted text end new text begin 2,040 new text end |
||
| 2,380 to 3,589 |
1.2 percent |
15 percent |
$ |
deleted text begin
1,800 deleted text end new text begin 1,980 new text end |
||
| 3,590 to 4,789 |
1.3 percent |
20 percent |
$ |
deleted text begin
1,800 deleted text end new text begin 1,980 new text end |
||
| 4,790 to 5,979 |
1.4 percent |
20 percent |
$ |
deleted text begin
1,730 deleted text end new text begin 1,900 new text end |
||
| 5,980 to 8,369 |
1.5 percent |
20 percent |
$ |
deleted text begin
1,730 deleted text end new text begin 1,900 new text end |
||
| 8,370 to 9,559 |
1.6 percent |
25 percent |
$ |
deleted text begin
1,670 deleted text end new text begin 1,840 new text end |
||
| 9,560 to 10,759 |
1.7 percent |
25 percent |
$ |
deleted text begin
1,670 deleted text end new text begin 1,840 new text end |
||
| 10,760 to 11,949 |
1.8 percent |
25 percent |
$ |
deleted text begin
1,610 deleted text end new text begin 1,770 new text end |
||
| 11,950 to 13,139 |
1.9 percent |
30 percent |
$ |
deleted text begin
1,610 deleted text end new text begin 1,770 new text end |
||
| 13,140 to 14,349 |
2.0 percent |
30 percent |
$ |
deleted text begin
1,540 deleted text end new text begin 1,690 new text end |
||
| 14,350 to 16,739 |
deleted text begin 2.1deleted text end new text begin 2.0new text end percent |
30 percent |
$ |
deleted text begin
1,540 deleted text end new text begin 1,690 new text end |
||
| 16,740 to 17,929 |
deleted text begin 2.2deleted text end new text begin 2.0new text end percent |
35 percent |
$ |
deleted text begin
1,480 deleted text end new text begin 1,630 new text end |
||
| 17,930 to 19,119 |
deleted text begin 2.3deleted text end new text begin 2.0new text end percent |
35 percent |
$ |
deleted text begin
1,480 deleted text end new text begin 1,630 new text end |
||
| 19,120 to 20,319 |
deleted text begin 2.4deleted text end new text begin 2.1new text end percent |
35 percent |
$ |
deleted text begin
1,420 deleted text end new text begin 1,560 new text end |
||
| 20,320 to 25,099 |
deleted text begin 2.5deleted text end new text begin 2.2new text end percent |
40 percent |
$ |
deleted text begin
1,420 deleted text end new text begin 1,560 new text end |
||
| 25,100 to 28,679 |
deleted text begin 2.6deleted text end new text begin 2.3new text end percent |
40 percent |
$ |
deleted text begin
1,360 deleted text end new text begin 1,500 new text end |
||
| 28,680 to 35,849 |
deleted text begin 2.7deleted text end new text begin 2.5new text end percent |
40 percent |
$ |
deleted text begin
1,360 deleted text end new text begin 1,500 new text end |
||
| 35,850 to 41,819 |
deleted text begin 2.8deleted text end new text begin 2.6new text end percent |
45 percent |
$ |
deleted text begin
1,240 deleted text end new text begin 1,360 new text end |
||
| 41,820 to 47,799 |
deleted text begin 3.0deleted text end new text begin 2.8new text end percent |
45 percent |
$ |
deleted text begin
1,240 deleted text end new text begin 1,360 new text end |
||
| 47,800 to 53,779 |
deleted text begin 3.2deleted text end new text begin 3.0new text end percent |
45 percent |
$ |
deleted text begin
1,110 deleted text end new text begin 1,220 new text end |
||
| 53,780 to 59,749 |
3.5 percent |
50 percent |
$ |
deleted text begin
990 deleted text end new text begin 1,090 new text end |
||
| 59,750 to 65,729 |
3.5 percent |
50 percent |
$ |
deleted text begin
870 deleted text end new text begin 960 new text end |
||
| 65,730 to 69,319 |
3.5 percent |
50 percent |
$ |
deleted text begin
740 deleted text end new text begin 810 new text end |
||
| 69,320 to 71,719 |
3.5 percent |
50 percent |
$ |
deleted text begin
610 deleted text end new text begin 670 new text end |
||
| 71,720 to 74,619 |
3.5 percent |
50 percent |
$ |
deleted text begin
500 deleted text end new text begin 550 new text end |
||
| 74,620 to 77,519 |
3.5 percent |
50 percent |
$ |
deleted text begin
370 deleted text end new text begin 410 new text end |
||
The payment made to a claimant shall be the amount of the state refund calculated
under this subdivision. No payment is allowed if the claimant's household income is
$77,520 or more.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective beginning with refunds based on
property taxes payable in 2010.
new text end