Minnesota Legislature
HF 2461
as introduced - 90th Legislature (2017 - 2018) Posted on 03/20/2017 01:29pm
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 03/20/2017 |
Current Version - as introduced
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A bill for an act
relating to property tax refunds; modifying the schedule for the homestead credit
state refund; amending Minnesota Statutes 2016, section 290A.04, subdivisions
2, 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2016, section 290A.04, subdivision 2, is amended to read:
Subd. 2.
Homeowners; homestead credit refund.
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.
|
deleted text begin
Household Income deleted text end |
deleted text begin
Percent of Income deleted text end |
deleted text begin
Percent Paid by Claimant deleted text end |
deleted text begin
Maximum State Refund deleted text end |
|
|
deleted text begin
$0 to 1,619 deleted text end |
deleted text begin
1.0 percent deleted text end |
deleted text begin
15 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
1,620 to 3,229 deleted text end |
deleted text begin
1.1 percent deleted text end |
deleted text begin
15 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
3,230 to 4,889 deleted text end |
deleted text begin
1.2 percent deleted text end |
deleted text begin
15 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
4,890 to 6,519 deleted text end |
deleted text begin
1.3 percent deleted text end |
deleted text begin
20 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
6,520 to 8,129 deleted text end |
deleted text begin
1.4 percent deleted text end |
deleted text begin
20 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
8,130 to 11,389 deleted text end |
deleted text begin
1.5 percent deleted text end |
deleted text begin
20 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
11,390 to 13,009 deleted text end |
deleted text begin
1.6 percent deleted text end |
deleted text begin
20 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
13,010 to 14,649 deleted text end |
deleted text begin
1.7 percent deleted text end |
deleted text begin
20 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
14,650 to 16,269 deleted text end |
deleted text begin
1.8 percent deleted text end |
deleted text begin
20 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
16,270 to 17,879 deleted text end |
deleted text begin
1.9 percent deleted text end |
deleted text begin
25 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
17,880 to 22,779 deleted text end |
deleted text begin
2.0 percent deleted text end |
deleted text begin
25 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
22,780 to 24,399 deleted text end |
deleted text begin
2.0 percent deleted text end |
deleted text begin
30 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
24,400 to 27,659 deleted text end |
deleted text begin
2.0 percent deleted text end |
deleted text begin
30 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
27,660 to 39,029 deleted text end |
deleted text begin
2.0 percent deleted text end |
deleted text begin
35 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,580 deleted text end |
|
deleted text begin
39,030 to 56,919 deleted text end |
deleted text begin
2.0 percent deleted text end |
deleted text begin
35 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
2,090 deleted text end |
|
deleted text begin
56,920 to 65,049 deleted text end |
deleted text begin
2.0 percent deleted text end |
deleted text begin
40 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
1,830 deleted text end |
|
deleted text begin
65,050 to 73,189 deleted text end |
deleted text begin
2.1 percent deleted text end |
deleted text begin
40 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
1,510 deleted text end |
|
deleted text begin
73,190 to 81,319 deleted text end |
deleted text begin
2.2 percent deleted text end |
deleted text begin
40 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
1,350 deleted text end |
|
deleted text begin
81,320 to 89,449 deleted text end |
deleted text begin
2.3 percent deleted text end |
deleted text begin
40 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
1,180 deleted text end |
|
deleted text begin
89,450 to 94,339 deleted text end |
deleted text begin
2.4 percent deleted text end |
deleted text begin
45 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
1,000 deleted text end |
|
deleted text begin
94,340 to 97,609 deleted text end |
deleted text begin
2.5 percent deleted text end |
deleted text begin
45 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
830 deleted text end |
|
deleted text begin
97,610 to 101,559 deleted text end |
deleted text begin
2.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
680 deleted text end |
|
deleted text begin
101,560 to 105,499 deleted text end |
deleted text begin
2.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
500 deleted text end |
|
new text begin
Household Income new text end |
new text begin
Percent of Income new text end |
new text begin
Percent Paid by Claimant new text end |
new text begin
Maximum State Refund new text end |
|
|
new text begin
$0 to 1,699 new text end |
new text begin
1.0 percent new text end |
new text begin
15 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
1,700 to 3,389 new text end |
new text begin
1.1 percent new text end |
new text begin
15 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
3,390 to 5,139 new text end |
new text begin
1.2 percent new text end |
new text begin
15 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
5,140 to 6,849 new text end |
new text begin
1.3 percent new text end |
new text begin
20 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
6,850 to 8,539 new text end |
new text begin
1.4 percent new text end |
new text begin
20 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
8,540 to 11,959 new text end |
new text begin
1.5 percent new text end |
new text begin
20 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
11,960 to 13,669 new text end |
new text begin
1.6 percent new text end |
new text begin
20 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
13,670 to 15,389 new text end |
new text begin
1.7 percent new text end |
new text begin
20 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
15,390 to 17,089 new text end |
new text begin
1.8 percent new text end |
new text begin
20 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
17,090 to 18,779 new text end |
new text begin
1.9 percent new text end |
new text begin
25 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
18,780 to 23,929 new text end |
new text begin
1.9 percent new text end |
new text begin
25 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
23,930 to 25,629 new text end |
new text begin
1.9 percent new text end |
new text begin
30 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
25,630 to 29,059 new text end |
new text begin
1.9 percent new text end |
new text begin
30 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
29,060 to 40,999 new text end |
new text begin
1.9 percent new text end |
new text begin
35 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
41,000 to 59,789 new text end |
new text begin
1.9 percent new text end |
new text begin
35 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
59,790 to 68,329 new text end |
new text begin
1.9 percent new text end |
new text begin
40 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
68,330 to 76,879 new text end |
new text begin
2.0 percent new text end |
new text begin
40 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
76,880 to 81,549 new text end |
new text begin
2.0 percent new text end |
new text begin
40 percent new text end |
new text begin
$ new text end |
new text begin
2,800 new text end |
|
new text begin
81,550 to 85,419 new text end |
new text begin
2.0 percent new text end |
new text begin
40 percent new text end |
new text begin
$ new text end |
new text begin
2,050 new text end |
|
new text begin
85,420 to 93,959 new text end |
new text begin
2.0 percent new text end |
new text begin
40 percent new text end |
new text begin
$ new text end |
new text begin
1,300 new text end |
|
new text begin
93,960 to 99,099 new text end |
new text begin
2.0 percent new text end |
new text begin
45 percent new text end |
new text begin
$ new text end |
new text begin
1,200 new text end |
|
new text begin
99,100 to 102,539 new text end |
new text begin
2.3 percent new text end |
new text begin
45 percent new text end |
new text begin
$ new text end |
new text begin
1,100 new text end |
|
new text begin
102,540 to 106,679 new text end |
new text begin
2.3 percent new text end |
new text begin
50 percent new text end |
new text begin
$ new text end |
new text begin
1,000 new text end |
|
new text begin
106,680 to 110,819 new text end |
new text begin
2.3 percent new text end |
new text begin
50 percent new text end |
new text begin
$ new text end |
new text begin
800 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 deleted text begin $105,500deleted text end new text begin
$110,820new text end or more.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for refunds based on property taxes
payable in 2018 and thereafter.
new text end
Sec. 2.
Minnesota Statutes 2016, section 290A.04, subdivision 4, is amended to read:
Subd. 4.
Inflation adjustment.
(a) Beginning for property tax refunds payable in calendar
year 2002, the commissioner shall annually adjust the dollar amounts of the income thresholds
and the maximum refunds under subdivisions 2 and 2a for inflation. The commissioner
shall make the inflation adjustments in accordance with section 1(f) of the Internal Revenue
Code, except that for purposes of this subdivision the percentage increase shall be determined
as provided in this subdivision.
(b) In adjusting the dollar amounts of the income thresholds and the maximum refunds
under subdivision 2 for inflation, the percentage increase shall be determined from the year
ending on June 30, deleted text begin 2013deleted text end new text begin 2017new text end , to the year ending on June 30 of the year preceding that in
which the refund is payable.
(c) In adjusting the dollar amounts of the income thresholds and the maximum refunds
under subdivision 2a for inflation, the percentage increase shall be determined from the
year ending on June 30, 2013, to the year ending on June 30 of the year preceding that in
which the refund is payable.
(d) The commissioner shall use the appropriate percentage increase to annually adjust
the income thresholds and maximum refunds under subdivisions 2 and 2a for inflation
without regard to whether or not the income tax brackets are adjusted for inflation in that
year. The commissioner shall round the thresholds and the maximum amounts, as adjusted
to the nearest $10 amount. If the amount ends in $5, the commissioner shall round it up to
the next $10 amount.
(e) The commissioner shall annually announce the adjusted refund schedule at the same
time provided under section 290.06. The determination of the commissioner under this
subdivision is not a rule under the Administrative Procedure Act.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for claims based on property taxes payable
in 2018 and thereafter.
new text end