HF 2322

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to agriculture; providing a property tax 
  1.3             credit for debt service and referendum levies on 
  1.4             agriculture property; appropriating money; proposing 
  1.5             coding for new law in Minnesota Statutes, chapter 273. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [273.1384] [CREDIT FOR DEBT SERVICE AND 
  1.8   REFERENDUM LEVIES ON AGRICULTURAL PROPERTY.] 
  1.9      Subdivision 1.  [TAX REDUCTIONS.] The county auditor shall 
  1.10  reduce the tax for school purposes on qualified property by the 
  1.11  amount of the debt service tax levy determined under section 
  1.12  123B.55 and the school referendum tax levy determined under 
  1.13  section 126C.17 on the property.  As used in this section, 
  1.14  "qualified property" means homestead agricultural property 
  1.15  classified as class 2a under section 273.13, subdivision 23, 
  1.16  excluding the house, garage, and surrounding one acre of land, 
  1.17  and nonhomestead agricultural property classified as class 2b 
  1.18  under section 273.13, subdivision 23.  The amounts of the 
  1.19  reductions computed by the county auditor under this subdivision 
  1.20  must be submitted to the commissioner of revenue as part of the 
  1.21  abstracts of tax lists required to be filed with the 
  1.22  commissioner under section 275.29.  Any prior year adjustment 
  1.23  shall also be certified in the abstracts of tax lists.  The 
  1.24  commissioner of revenue shall review the certifications to 
  1.25  determine their accuracy and may make changes in the 
  2.1   certification as deemed necessary or return a certification to 
  2.2   the county auditor for corrections.  For purposes of computing 
  2.3   the credit pursuant to this subdivision, the "tax levy" shall be 
  2.4   the tax levy reduced by the credits provided by sections 
  2.5   273.123, 273.42, subdivision 2, and 473H.10. 
  2.6      Subd. 2.  [STATE AID.] The commissioner of children, 
  2.7   families, and learning shall make payments to each school 
  2.8   district of agricultural debt and referendum credit aid for each 
  2.9   school year, equal to the amount by which property taxes 
  2.10  certified in the district for collection in the calendar year 
  2.11  ending in that school year are reduced pursuant to subdivision 1.
  2.12     Subd. 3.  [APPROPRIATION.] There is annually appropriated 
  2.13  from the general fund in the state treasury to the commissioner 
  2.14  of children, families, and learning the amount necessary to make 
  2.15  these payments. 
  2.16     Sec. 2.  [EFFECTIVE DATE.] 
  2.17     Section 1 is effective for taxes levied in 1999, payable in 
  2.18  2000, and thereafter.