HF 2335

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:03am

A bill for an act
relating to taxation; wind energy production tax; modifying distributions;
amending Minnesota Statutes 2008, section 272.029, subdivision 6.

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

Section 1.

Minnesota Statutes 2008, section 272.029, subdivision 6, is amended to read:

Subd. 6.

Distribution of revenues.

Revenues from the taxes imposed under
subdivision 5 must be part of the settlement between the county treasurer and the county
auditor under section 276.09. The revenue must be distributed by the county auditor or the
county treasurer to local taxing jurisdictions in which the wind energy conversion system
is located as follows: beginning with distributions in deleted text begin 2006 deleted text end new text begin 2010, 80 percent to counties;
and 20 percent to cities and townships; and for distributions occurring in 2006 to 2009 new text end , 80
percent to counties; 14 percent to cities and townships; and six percent to school districts deleted text begin ;
and for distributions occurring in 2004 and 2005 in the same proportion that each of the
local taxing jurisdiction's current year's net tax capacity based tax rate is to the current
year's total local net tax capacity based rate deleted text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end