HF 2212

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/15/2021 03:09pm

A bill for an act
relating to taxation; property; authorizing a temporary deferral of
commercial-industrial property taxes; proposing coding for new law in Minnesota
Statutes, chapter 273.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [273.129] TEMPORARY DEFERRAL OF COMMERCIAL PROPERTY
TAXES.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For the purposes of this section, the following terms have
the meanings given.
new text end

new text begin (b) "Commissioner" means the commissioner of revenue.
new text end

new text begin (c) "Eligible commercial property" means property:
new text end

new text begin (1) classified as class 3a under section 273.13 for assessment years 2021 and 2022; and
new text end

new text begin (2) that was required to temporarily cease operation at any time during 2020, as required
pursuant to emergency Executive Order No. 20-99, or any preceding executive order, issued
in response to an outbreak of COVID-19.
new text end

new text begin (d) "Net tax" has the meaning given in section 273.1231, subdivision 6.
new text end

new text begin Subd. 2. new text end

new text begin Application. new text end

new text begin A taxpayer of an eligible commercial property may apply to the
commissioner for a deferral of all or a portion of the net tax assessed and due on the eligible
commercial property for property taxes payable in 2022 and 2023 only, as provided in this
section. For taxes payable in 2022, an application must be filed by January 15, 2022. For
taxes payable in 2023, an application must be filed by December 1, 2022. The application
must include the parcel identification number, name, address, and Social Security number
of the owner or owners, and any additional information the commissioner deems necessary
to determine eligibility.
new text end

new text begin Subd. 3. new text end

new text begin Approval; payment of tax. new text end

new text begin (a) Upon approval of an application, the
commissioner shall provide notice to the taxpayer and the treasurer of the county where the
property is located that the property shall receive a deferment of taxes as provided under
this section.
new text end

new text begin (b) On the date provided for payment of taxes under section 279.01, or any other date
as agreed to by the commissioner and the county treasurer, the commissioner shall pay to
each county treasurer the total amount of net tax due for all property receiving a deferment
of taxes under this section. The tax shall be collected and distributed by the county in the
manner provided by law for the collection and distribution of all property taxes.
new text end

new text begin Subd. 4. new text end

new text begin Lien. new text end

new text begin The total net tax deferred under this section for each eligible commercial
property shall be treated as a lien upon the property and collected as a special assessment
pursuant to chapter 429. Property taxes deferred for taxes payable in 2022 shall begin
repayment in 2032. Property taxes deferred for taxes payable in 2023 shall begin repayment
in 2033.
new text end

new text begin Subd. 5. new text end

new text begin Appropriation. new text end

new text begin An amount necessary to make payments as required under
subdivision 3 is appropriated from the general fund to the commissioner of revenue.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with taxes payable in 2022.
new text end