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Minnesota Legislature

Office of the Revisor of Statutes

HF 2826

as introduced - 90th Legislature (2017 - 2018) Posted on 02/20/2018 10:18am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to taxation; property; providing a property tax exemption for certain
property.

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

Section 1. new text beginPROCTOR SPEEDWAY PROPERTY TAX EXEMPTION; SPECIAL
ASSESSMENT.
new text end

new text begin Any real or personal property acquired, owned, leased, controlled, used, or occupied on
or before January 1, 2017, by the city of Proctor or the St. Louis County Fair Association
for the primary purpose of providing a dirt speedway in the city of Proctor is declared to
be acquired, owned, leased, controlled, used, and occupied for public, governmental, and
municipal purposes, and is exempt from ad valorem taxation by the state or any political
subdivision of the state, provided that the property is subject to special assessments levied
by a political subdivision for a local improvement in amounts proportionate to and not
exceeding the special benefit received by the property from the improvement. In determining
the special benefit received by the property, no possible use of the property in any manner
different from the intended use of providing a dirt speedway may be considered.
Notwithstanding Minnesota Statutes, section 272.01, subdivision 2, or 273.19, real or
personal property subject to a lease or use agreement between the city or the St. Louis
County Fair Association and another person for uses related to the purpose of the operation
of the dirt speedway is exempt from taxation regardless of the length of the lease or use
agreement. This section, insofar as it provides an exemption or special treatment, does not
apply to any real property that is leased for residential, business, or commercial development
or other purposes different from those necessary to the provision and operation of the
speedway.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with taxes payable in 2019
upon approval by the city of Proctor and compliance with Minnesota Statutes, section
645.021.
new text end

Sec. 2. new text beginHIBBING RACEWAY PROPERTY TAX EXEMPTION; SPECIAL
ASSESSMENT.
new text end

new text begin Any real or personal property acquired, owned, leased, controlled, used, or occupied on
or before January 1, 2017, by the city of Hibbing or the Iron Range Racing Association for
the primary purpose of providing a raceway in the city of Hibbing is declared to be acquired,
owned, leased, controlled, used, and occupied for public, governmental, and municipal
purposes, and is exempt from ad valorem taxation by the state or any political subdivision
of the state, provided that the property is subject to special assessments levied by a political
subdivision for a local improvement in amounts proportionate to and not exceeding the
special benefit received by the property from the improvement. In determining the special
benefit received by the property, no possible use of the property in any manner different
from the intended use of providing a raceway may be considered. Notwithstanding Minnesota
Statutes, section 272.01, subdivision 2, or 273.19, real or personal property subject to a
lease or use agreement between the city or the Iron Range Racing Association and another
person for uses related to the purpose of the operation of the raceway is exempt from taxation
regardless of the length of the lease or use agreement. This section, insofar as it provides
an exemption or special treatment, does not apply to any real property that is leased for
residential, business, or commercial development or other purposes different from those
necessary to the provision and operation of the raceway.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with taxes payable in 2019
upon approval by the city of Hibbing and compliance with Minnesota Statutes, section
645.021.
new text end