HF 3374

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to property taxes; extending the education 
  1.3             homestead credit to seasonal recreational property; 
  1.4             changing the name to general education credit; 
  1.5             amending Minnesota Statutes 1998, section 275.08, 
  1.6             subdivision 1e; Minnesota Statutes 1999 Supplement, 
  1.7             section 273.1382, subdivisions 1, 1a, and by adding a 
  1.8             subdivision.  
  1.9   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.10     Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.11  273.1382, subdivision 1, is amended to read: 
  1.12     Subdivision 1.  [GENERAL EDUCATION CREDIT TAX RATE.] Each 
  1.13  year, the respective county auditors shall determine the initial 
  1.14  tax rate for each school district for the general education levy 
  1.15  certified under section 126C.13, subdivision 2 or 3.  That rate 
  1.16  plus the school district's general education homestead credit 
  1.17  tax rate adjustment under section 275.08, subdivision 1e, shall 
  1.18  be the general education credit tax rate for the district.  
  1.19     Sec. 2.  Minnesota Statutes 1999 Supplement, section 
  1.20  273.1382, subdivision 1a, is amended to read: 
  1.21     Subd. 1a.  [GENERAL EDUCATION HOMESTEAD CREDIT.] Each 
  1.22  county auditor shall determine a general education homestead 
  1.23  credit for each homestead within the county equal to 66.2 
  1.24  percent for taxes payable in 1999 and 83 percent for taxes 
  1.25  payable in 2000 and thereafter of the general education credit 
  1.26  tax rate times the net tax capacity of the homestead for the 
  1.27  taxes payable year.  The amount of general education homestead 
  2.1   credit for a homestead or seasonal recreational property may not 
  2.2   exceed $320 for taxes payable in 1999 and $390 for taxes payable 
  2.3   in 2000 and thereafter.  In the case of an agricultural 
  2.4   homestead, only the net tax capacity of the house, garage, and 
  2.5   surrounding one acre of land shall be used in determining the 
  2.6   property's general education homestead credit. 
  2.7      Sec. 3.  Minnesota Statutes 1999 Supplement, section 
  2.8   273.1382, is amended by adding a subdivision to read: 
  2.9      Subd. 1c.  [SEASONAL RECREATIONAL PROPERTY.] Property 
  2.10  classified as class 4c noncommercial seasonal residential 
  2.11  recreational under section 273.13, subdivision 25, is eligible 
  2.12  to receive the same benefits as property under subdivision 1.  
  2.13  Contiguous parcels of noncommercial seasonal residential 
  2.14  recreational property owned by the same person or entity must be 
  2.15  treated as a single property for purposes of this section. 
  2.16     Sec. 4.  Minnesota Statutes 1998, section 275.08, 
  2.17  subdivision 1e, is amended to read: 
  2.18     Subd. 1e.  [GENERAL EDUCATION HOMESTEAD CREDIT TAX RATE 
  2.19  ADJUSTMENT.] The amounts certified under section 126C.48, 
  2.20  subdivision 1, paragraph (b), shall be divided by the total net 
  2.21  tax capacity of all taxable properties within a school 
  2.22  district's taxing jurisdiction.  The resulting ratio is a school 
  2.23  district's general education homestead credit tax rate 
  2.24  adjustment. 
  2.25     Sec. 5.  [EFFECTIVE DATE.] 
  2.26     Sections 1 to 4 are effective for taxes payable in 2001 and 
  2.27  thereafter.