HF 2996

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to property taxation; exempting the first 
  1.3             tier of commercial-industrial property from the state 
  1.4             general tax; amending Minnesota Statutes 2002, section 
  1.5             275.025, subdivision 2; Minnesota Statutes 2003 
  1.6             Supplement, section 275.025, subdivision 4. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 2002, section 275.025, 
  1.9   subdivision 2, is amended to read: 
  1.10     Subd. 2.  [COMMERCIAL-INDUSTRIAL TAX CAPACITY.] For the 
  1.11  purposes of this section, "commercial-industrial tax capacity" 
  1.12  means the tax capacity of all taxable property classified as 
  1.13  class 3 or class 5(1) under section 273.13, except for that 
  1.14  portion of property eligible for the first tier class rate under 
  1.15  section 273.13, subdivision 24, electric generation attached 
  1.16  machinery under class 3, and property described in section 
  1.17  473.625.  County Commercial-industrial tax capacity amounts are 
  1.18  not adjusted for the captured net tax capacity of a tax 
  1.19  increment financing district under section 469.177, subdivision 
  1.20  2, the net tax capacity of transmission lines deducted from a 
  1.21  local government's total net tax capacity under section 273.425, 
  1.22  or fiscal disparities contribution and distribution net tax 
  1.23  capacities under chapter 276A or 473F. 
  1.24     [EFFECTIVE DATE.] This section is effective for taxes 
  1.25  payable in 2005 and subsequent years. 
  1.26     Sec. 2.  Minnesota Statutes 2003 Supplement, section 
  2.1   275.025, subdivision 4, is amended to read: 
  2.2      Subd. 4.  [APPORTIONMENT AND LEVY OF STATE GENERAL TAX.] 
  2.3   Ninety-four percent of the state general tax must be distributed 
  2.4   among the counties levied by applying a uniform rate to each 
  2.5   county's all commercial-industrial tax capacity, and its six 
  2.6   percent of the state general tax must be levied by applying a 
  2.7   uniform rate to all seasonal residential recreational tax 
  2.8   capacity.  Within each county, the tax must be levied by 
  2.9   applying a uniform rate against commercial-industrial tax 
  2.10  capacity and seasonal residential recreational tax capacity.  On 
  2.11  or before October 1 each year, the commissioner of revenue shall 
  2.12  certify a the preliminary state general levy rate rates on 
  2.13  commercial-industrial property and seasonal residential 
  2.14  recreational property to each county auditor that must be used 
  2.15  to prepare the notices of proposed property taxes for taxes 
  2.16  payable in the following year.  By January 1 of each year, the 
  2.17  commissioner shall certify the final state general levy rate 
  2.18  rates to each county auditor that shall be used in spreading 
  2.19  taxes.  
  2.20     [EFFECTIVE DATE.] This section is effective for taxes 
  2.21  payable in 2005 and subsequent years.