HF 3041

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to levy limits; changing the growth factors 
  1.3             for the levy limit; amending Minnesota Statutes 1997 
  1.4             Supplement, section 275.71, subdivisions 2 and 3. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1997 Supplement, section 
  1.7   275.71, subdivision 2, is amended to read: 
  1.8      Subd. 2.  [LEVY LIMIT BASE.] (a) The levy limit base for a 
  1.9   local governmental unit for taxes levied in 1997 shall be equal 
  1.10  to the sum of: 
  1.11     (1) the amount the local governmental unit levied in 1996, 
  1.12  less any amount levied for debt, as reported to the department 
  1.13  of revenue under section 275.62, subdivision 1, clause (1), and 
  1.14  less any tax levied in 1996 against market value as provided for 
  1.15  in section 275.61; 
  1.16     (2) the amount of aids the local governmental unit was 
  1.17  certified to receive in calendar year 1997 under sections 
  1.18  477A.011 to 477A.03 before any reductions for state tax 
  1.19  increment financing aid under section 273.1399, subdivision 5; 
  1.20     (3) the amount of homestead and agricultural credit aid the 
  1.21  local governmental unit was certified to receive under section 
  1.22  273.1398 in calendar year 1997 before any reductions for tax 
  1.23  increment financing aid under section 273.1399, subdivision 5; 
  1.24     (4) the amount of local performance aid the local 
  1.25  governmental unit was certified to receive in calendar year 1997 
  2.1   under section 477A.05; and 
  2.2      (5) the amount of any payments certified to the local 
  2.3   government unit in 1997 under sections 298.28 and 298.282. 
  2.4      If a governmental unit was not required to report under 
  2.5   section 275.62 for taxes levied in 1997, the commissioner shall 
  2.6   request information on levies used for debt from the local 
  2.7   governmental unit and adjust its levy limit base accordingly. 
  2.8      (b) The levy limit base for a local governmental unit for 
  2.9   taxes levied in 1998 is limited to equal to the greater of (1) 
  2.10  its adjusted levy limit base in the previous year, subject to 
  2.11  any adjustments under section 275.72 or (2) it levy limit base 
  2.12  for taxes levied in 1997 multiplied by the increase under 
  2.13  subdivision 3, clause (1), for taxes levied in 1997 and by the 
  2.14  increase that would have occurred under subdivision 3, clause 
  2.15  (3), if that clause had been in effect for taxes levied in 1997. 
  2.16     Sec. 2.  Minnesota Statutes 1997 Supplement, section 
  2.17  275.71, subdivision 3, is amended to read: 
  2.18     Subd. 3.  [ADJUSTED LEVY LIMIT BASE.] For taxes levied 
  2.19  in 1997 and 1998, the adjusted levy limit is equal to the 
  2.20  greater of the levy limit base computed under subdivision 2 or 
  2.21  section 275.72, multiplied by: 
  2.22     (1) one plus a percentage equal to the percentage growth in 
  2.23  the implicit price deflator; and the greater of either 
  2.24     (2) for all cities and for counties outside of the 
  2.25  seven-county metropolitan area, one plus a percentage equal to 
  2.26  the percentage increase in number of households, if any, for the 
  2.27  most recent 12-month period for which data is available; and 
  2.28     (3) for counties located in the seven-county metropolitan 
  2.29  area, one plus a percentage equal to the greater of the 
  2.30  percentage increase in the number of households in the county or 
  2.31  the percentage increase in the number of households in the 
  2.32  entire seven-county metropolitan area for the most recent 
  2.33  12-month period for which data is available; or 
  2.34     (3) one plus a percentage equal to the percentage increase 
  2.35  in the taxable market value of the jurisdiction due to new 
  2.36  construction for the most recent year for which data are 
  3.1   available. 
  3.2      Sec. 3.  [EFFECTIVE DATE.] 
  3.3      Sections 1 and 2 are effective for taxes levied in 1998, 
  3.4   payable in 1999.