HF 3108

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

  1.1                          A bill for an act 
  1.2             relating to taxation; authorizing the Lakes Area 
  1.3             Economic Development Authority to levy a tax; amending 
  1.4             Laws 2003, chapter 127, article 12, section 38. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Laws 2003, chapter 127, article 12, section 38, 
  1.7   is amended to read: 
  1.8      Sec. 38.  [MEMBERS MUST AUTHORITY TO LEVY TAXES FOR 
  1.9   AUTHORITY.] 
  1.10     (a) A member shall, at the request of the authority, levy a 
  1.11  tax in any year for the benefit of the authority.  The authority 
  1.12  is a special taxing district as defined in Minnesota Statutes, 
  1.13  section 275.066, clause (13), with the power to adopt and 
  1.14  certify a property tax levy to the county auditor.  The 
  1.15  authority may levy a tax in any year for the benefit of the 
  1.16  authority.  The tax is, for each member, is a pro rata portion 
  1.17  of the total amount of tax requested by the authority based on 
  1.18  the taxable market value within a the member's jurisdiction, but 
  1.19  in no event may the tax in any year exceed 0.01813 percent of 
  1.20  taxable market value.  For purposes of this section, "taxable 
  1.21  market value" has the meaning as given in Minnesota Statutes, 
  1.22  section 273.032. 
  1.23     (b) The treasurer of each member city or town shall, within 
  1.24  15 days after receiving the property tax settlements from the 
  1.25  county treasurer, pay to the treasurer of the authority the 
  2.1   amount collected for this purpose.  The money must be used by 
  2.2   the authority for the purposes provided by sections 35 to 41. 
  2.3      [EFFECTIVE DATE.] This section is effective for taxes 
  2.4   levied in 2004, payable in 2005, and thereafter.