as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 04/13/1999 |
1.1 A bill for an act 1.2 relating to taxation; reducing the metropolitan 1.3 council levy limit for general purposes; freezing the 1.4 levy limit for the livable communities demonstration 1.5 account; abolishing the levy for the tax base 1.6 revitalization account; amending Minnesota Statutes 1.7 1998, sections 473.249, subdivision 1; 473.252, 1.8 subdivision 2; and 473.253, subdivision 1; repealing 1.9 Minnesota Statutes 1998, section 473.252, subdivisions 1.10 4 and 5. 1.11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.12 Section 1. Minnesota Statutes 1998, section 473.249, 1.13 subdivision 1, is amended to read: 1.14 Subdivision 1. [INDEXED LIMIT.] (a) The metropolitan 1.15 council may levy a tax on all taxable property in the 1.16 metropolitan area defined in section 473.121 to provide funds 1.17 for the purposes of sections 473.121 to 473.249 and for the 1.18 purpose of carrying out other responsibilities of the council as 1.19 provided by law. This tax for general purposes shall be levied 1.20 and collected in the manner provided by section 473.13. 1.21 (b) The metropolitan council's property taxlevied by the1.22metropolitan councillevy limit for general purposes for taxes 1.23 payable in 2000 and thereafter shall not exceedthe product of:1.24(1) the metropolitan council's property tax levy limitation for1.25general purposes for the previous year determined under this1.26subdivision multiplied by (2) the lesser of1.27(i) an index for market valuation changes equal to the1.28total market valuation of all taxable property located within2.1the metropolitan area for the current taxes payable year divided2.2by the total market valuation of all taxable property located2.3within the metropolitan area for the previous taxes payable2.4year;2.5(ii) an index equal to the implicit price deflator for2.6government consumption expenditures and gross investment for2.7state and local governments for the most recent month for which2.8data are available divided by the same implicit price deflator2.9for the same month of the previous year; or2.10(iii) 103 percent.2.11(c) For the purpose of determining the metropolitan2.12council's property tax levy limitation for general purposes,2.13"total market valuation" means the total market valuation of all2.14taxable property within the metropolitan area without valuation2.15adjustments for fiscal disparities (chapter 473F), tax increment2.16financing (sections 469.174 to 469.179), and high voltage2.17transmission lines (section 273.425)90 percent of the 2.18 metropolitan council's property tax levy limit for general 2.19 purposes for taxes payable in 1999. 2.20 Sec. 2. Minnesota Statutes 1998, section 473.252, 2.21 subdivision 2, is amended to read: 2.22 Subd. 2. [SOURCES OF FUNDS.] The council shall credit to 2.23 the tax base revitalization account within the fundthe amount,2.24if any, provided for under subdivision 4, andthe amount, if 2.25 any, distributed to the council under section 473F.08, 2.26 subdivision 3b. 2.27 Sec. 3. Minnesota Statutes 1998, section 473.253, 2.28 subdivision 1, is amended to read: 2.29 Subdivision 1. [SOURCES OF FUNDS.] The council shall 2.30 credit to the livable communities demonstration account the 2.31 revenues provided in this subdivision. This tax shall be levied 2.32 and collected in the manner provided by section 473.13. The 2.33 levy for taxes payable in 2000 and thereafter shall not exceed 2.34 thefollowing amount for the years specified:2.35(a)(1) for taxes payable in 1996, 50 percent of (i) the2.36metropolitan mosquito control commission's property tax levy for3.1taxes payable in 1995 multiplied by (ii) an index for market3.2valuation changes equal to the total market valuation of all3.3taxable property located within the metropolitan area for the3.4current taxes payable year divided by the total market valuation3.5of all taxable property located in the metropolitan area for the3.6previous taxes payable year; and3.7(2) for taxes payable in 1997 and subsequent years, the3.8product of (i) the property tax levy limit under this3.9subdivision for the previous year multiplied by (ii) an index3.10for market valuation changes equal to the total market valuation3.11of all taxable property located within the metropolitan area for3.12the current taxes payable year divided by the total market3.13valuation of all taxable property located in the metropolitan3.14area for the previous taxes payable year.3.15For the purposes of this subdivision, "total market3.16valuation" means the total market valuation of all taxable3.17property within the metropolitan area without valuation3.18adjustments for fiscal disparities under chapter 473F, tax3.19increment financing under sections 469.174 to 469.179, and high3.20voltage transmission lines under section 273.425levy limit for 3.21 the livable communities demonstration account for taxes payable 3.22 in 1999. 3.23 (b) The metropolitan council, for the purposes of the fund, 3.24 is considered a unique taxing jurisdiction for purposes of 3.25 receiving aid pursuant to section 273.1398.For aid to be3.26received in 1996, the fund's homestead and agricultural credit3.27base shall equal 50 percent of the metropolitan mosquito control3.28commission's certified homestead and agricultural credit aid for3.291995, determined under section 273.1398, subdivision 2, less any3.30permanent aid reduction under section 477A.0132.For aid to be 3.31 received under section 273.1398 in 1997 and subsequent years, 3.32 the fund's homestead and agricultural credit base shall be 3.33 determined in accordance with section 273.1398, subdivision 1. 3.34 Sec. 4. [REPEALER.] 3.35 Minnesota Statutes 1998, section 473.252, subdivisions 4 3.36 and 5, are repealed. 4.1 Sec. 5. [EFFECTIVE DATE.] 4.2 Sections 1 to 4 are effective for taxes levied in 1999, 4.3 payable in 2000, and thereafter.