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 beginnew text enda 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.