as introduced - 90th Legislature (2017 - 2018) Posted on 03/26/2018 05:12pm
A bill for an act
relating to taxation; property; modifying the taconite assistance area; amending
Minnesota Statutes 2016, section 273.1341.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 273.1341, is amended to read:
A "taconite assistance area" means the geographic area that falls within the boundaries
of new text begin the portion of Independent School District No. 707, Nett Lake, within St. Louis County
or new text end a school district that contains:
(1) a municipality in which the assessed valuation of unmined iron ore on May 1, 1941,
was not less than 40 percent of the assessed valuation of all real property; or
(2) a municipality in which on January 1, 1977, or the applicable assessment date, there
is a taconite concentrating plant or where taconite is mined or quarried or where there is
located an electric generating plant which qualifies as a taconite facility.