as introduced - 88th Legislature (2013 - 2014) Posted on 03/27/2014 02:23pm
Engrossments | ||
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Introduction | Posted on 03/27/2014 |
A bill for an act
relating to taxation; property; increasing the limitation on abatements for the
city of Jackson.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Notwithstanding the provisions of Minnesota Statutes, section 469.1813, subdivision
8, or any other law to the contrary, the total amount of property taxes abated by the city
of Jackson in any year may not exceed the greater of (1) ten percent of the city's net tax
capacity for the taxes payable year to which the abatement applies; or (2) $300,000.
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This section is effective for taxes payable in 2015 through
taxes payable in 2025.
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