1.1 	A bill for an act
1.2 	relating to taxation; property; modifying the taconite assistance area;amending 
1.3 	Minnesota Statutes 2016, section 273.1341.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2016, section 273.1341, is amended to read:
1.6 	273.1341 TACONITE ASSISTANCE AREA.
1.7 	A "taconite assistance area" means the geographic area that falls within the boundaries 
1.8 	of the portion of Independent School District No. 707, Nett Lake, within St. Louis County 
1.9 	or a school district that contains:
1.10 	(1) a municipality in which the assessed valuation of unmined iron ore on May 1, 1941, 
1.11 	was not less than 40 percent of the assessed valuation of all real property; or
1.12 	(2) a municipality in which on January 1, 1977, or the applicable assessment date, there 
1.13 	is a taconite concentrating plant or where taconite is mined or quarried or where there is 
1.14 	located an electric generating plant which qualifies as a taconite facility.