HF 2859

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to taxation; property tax refund; providing 
  1.3             for a new property tax refund alternative for 
  1.4             homeowners who are over 65 years old; amending 
  1.5             Minnesota Statutes 1994, section 290A.04, subdivision 
  1.6             2; Minnesota Statutes 1995 Supplement, section 
  1.7             290A.04, subdivision 6. 
  1.8   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.9      Section 1.  Minnesota Statutes 1994, section 290A.04, 
  1.10  subdivision 2, is amended to read: 
  1.11     Subd. 2.  [HOMEOWNERS.] (a) A claimant whose property taxes 
  1.12  payable are in excess of the percentage of the household income 
  1.13  stated below in the table in paragraph (c) shall pay an amount 
  1.14  equal to the percent of income shown for the appropriate 
  1.15  household income level along with the percent to be paid by the 
  1.16  claimant of the remaining amount of property taxes payable.  The 
  1.17  state refund equals the amount of property taxes payable that 
  1.18  remain, up to the state refund amount shown below listed in the 
  1.19  table in paragraph (c). 
  1.20     (b) A claimant who is at least 65 years of age on December 
  1.21  31 of the year prior to the year in which the taxes are payable 
  1.22  and who qualifies for a refund under paragraph (a) may claim a 
  1.23  state refund equal to the greater of:  (i) the refund amount 
  1.24  allowed under paragraph (a), or (ii) the lesser of $1,000 or the 
  1.25  amount by which the claimant's property taxes payable are in 
  1.26  excess of five percent of the claimant's household income.  For 
  2.1   purposes of this paragraph, either the claimant or the 
  2.2   claimant's spouse may be 65 years of age or older to qualify. 
  2.3   (c)
  2.4                         Percent           Percent     Maximum
  2.5   Household Income     of Income          Paid by     State
  2.6                                           Claimant    Refund
  2.7       $0 to 1,029     1.2 percent        18 percent   $440
  2.8    1,030 to 2,059     1.3 percent        18 percent   $440
  2.9    2,060 to 3,099     1.4 percent        20 percent   $440
  2.10   3,100 to 4,129     1.6 percent        20 percent   $440
  2.11   4,130 to 5,159     1.7 percent        20 percent   $440
  2.12   5,160 to 7,229     1.9 percent        25 percent   $440
  2.13   7,230 to 8,259     2.1 percent        25 percent   $440
  2.14   8,260 to 9,289     2.2 percent        25 percent   $440
  2.15   9,290 to 10,319    2.3 percent        30 percent   $440
  2.16  10,320 to 11,349    2.4 percent        30 percent   $440
  2.17  11,350 to 12,389    2.5 percent        30 percent   $440
  2.18  12,390 to 14,449    2.6 percent        30 percent   $440
  2.19  14,450 to 15,479    2.8 percent        35 percent   $440
  2.20  15,480 to 16,509    3.0 percent        35 percent   $440
  2.21  16,510 to 17,549    3.2 percent        40 percent   $440
  2.22  17,550 to 21,669    3.3 percent        40 percent   $440
  2.23  21,670 to 24,769    3.4 percent        45 percent   $440
  2.24  24,770 to 30,959    3.5 percent        45 percent   $440
  2.25  30,960 to 36,119    3.5 percent        45 percent   $440
  2.26  36,120 to 41,279    3.7 percent        50 percent   $440
  2.27  41,280 to 58,829    4.0 percent        50 percent   $440
  2.28  58,830 to 59,859    4.0 percent        50 percent   $310
  2.29  59,860 to 60,889    4.0 percent        50 percent   $210
  2.30  60,890 to 61,929    4.0 percent        50 percent   $100 
  2.31       $0 to 1,089    1.2 percent        18 percent   $470
  2.32    1,090 to 2,179    1.3 percent        18 percent   $470
  2.33    2,180 to 3,279    1.4 percent        20 percent   $470
  2.34    3,280 to 4,369    1.6 percent        20 percent   $470
  2.35    4,370 to 5,459    1.7 percent        20 percent   $470
  2.36    5,460 to 7,649    1.9 percent        25 percent   $470
  2.37    7,650 to 8,739    2.1 percent        25 percent   $470
  2.38    8,740 to 9,829    2.2 percent        25 percent   $470
  2.39   9,830 to 10,909    2.3 percent        30 percent   $470
  2.40  10,910 to 11,999    2.4 percent        30 percent   $470
  2.41  12,000 to 13,099    2.5 percent        30 percent   $470
  2.42  13,100 to 15,279    2.6 percent        30 percent   $470
  2.43  15,280 to 16,369    2.8 percent        35 percent   $470
  2.44  16,370 to 17,459    3.0 percent        35 percent   $470
  2.45  17,460 to 18,559    3.2 percent        40 percent   $470
  2.46  18,560 to 22,919    3.3 percent        40 percent   $470
  2.47  22,920 to 26,199    3.4 percent        45 percent   $470
  2.48  26,200 to 32,739    3.5 percent        45 percent   $470
  2.49  32,740 to 38,199    3.5 percent        45 percent   $470
  2.50  38,200 to 43,659    3.7 percent        50 percent   $470
  2.51  43,660 to 62,219    4.0 percent        50 percent   $470
  2.52  62,220 to 63,309    4.0 percent        50 percent   $330
  2.53  63,310 to 64,399    4.0 percent        50 percent   $220
  2.54  62,400 to 65,499    4.0 percent        50 percent   $110 
  2.55     The payment made to a claimant shall be the amount of the 
  2.56  state refund calculated under this subdivision.  No payment is 
  2.57  allowed if the claimant's household income is $61,930 $65,500 or 
  2.58  more. 
  2.59     Sec. 2.  Minnesota Statutes 1995 Supplement, section 
  2.60  290A.04, subdivision 6, is amended to read: 
  3.1      Subd. 6.  [INFLATION ADJUSTMENT.] Beginning for property 
  3.2   tax refunds payable in calendar year 1996, the commissioner 
  3.3   shall annually adjust the dollar amounts of the income 
  3.4   thresholds and the maximum refunds under subdivisions 2 and 
  3.5   subdivision 2a for inflation.  Beginning for property tax 
  3.6   refunds payable in calendar year 1998, the commissioner shall 
  3.7   annually adjust the dollar amounts of the income thresholds and 
  3.8   the maximum refunds under subdivision 2 for inflation.  The 
  3.9   commissioner shall make the inflation adjustments in accordance 
  3.10  with section 290.06, subdivision 2d, except that for purposes of 
  3.11  this subdivision the adjustments to subdivision 2a the 
  3.12  percentage increase shall be determined from the year ending on 
  3.13  August 31, 1994, to the year ending on August 31 of the year 
  3.14  preceding that in which the refund is payable, and for purposes 
  3.15  of the adjustments to subdivision 2 the percentage increase 
  3.16  shall be determined from the year ending on August 31, 1996, to 
  3.17  the year ending on August 31 of the year preceding that in which 
  3.18  the refund is payable.  The commissioner shall use the 
  3.19  appropriate percentage increase to annually adjust the income 
  3.20  thresholds and maximum refunds under subdivisions 2 and 2a for 
  3.21  inflation without regard to whether or not the income tax 
  3.22  brackets are adjusted for inflation in that year.  The 
  3.23  commissioner shall round the thresholds and the maximum amounts, 
  3.24  as adjusted to the nearest $10 amount.  If the amount ends in 
  3.25  $5, the commissioner shall round it up to the next $10 amount.  
  3.26     The commissioner shall annually announce the adjusted 
  3.27  refund schedule at the same time provided under section 290.06.  
  3.28  The determination of the commissioner under this subdivision is 
  3.29  not a rule under the administrative procedure act. 
  3.30     Sec. 3.  [EFFECTIVE DATE.] 
  3.31     Section 1 is effective for property tax refunds payable in 
  3.32  1997 and thereafter.