Minnesota Legislature
HF 3689
as introduced - 86th Legislature (2009 - 2010) Posted on 03/17/2010 10:42am
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 03/17/2010 |
Current Version - as introduced
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3.15
A bill for an act
relating to taxation; property tax refunds for homeowners; modifying the
schedule; ending inflation adjustment of brackets and maximum refund amounts;
amending Minnesota Statutes 2008, section 290A.04, subdivisions 2, 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2008, section 290A.04, subdivision 2, is amended to
read:
Subd. 2.
Homeowners.
A claimant whose property taxes payable are in excess
of the percentage of the household income stated below shall pay an amount equal to
the percent of income shown for the appropriate household income level along with the
percent to be paid by the claimant of the remaining amount of property taxes payable.
The state refund equals the amount of property taxes payable that remain, up to the state
refund amount shown below.
| Household Income |
Percent of Income |
Percent Paid by Claimant |
Maximum State Refund |
|||
| $0 to deleted text begin 1,189deleted text end new text begin 1,519 new text end |
1.0 percent |
15 percent |
$ |
deleted text begin
1,850 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
1,190 to 2,379 deleted text end new text begin 1,520 to 3,049 new text end |
1.1 percent |
15 percent |
$ |
deleted text begin
1,850 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
2,380 to 3,589 deleted text end new text begin 3,050 to 4,599 new text end |
1.2 percent |
15 percent |
$ |
deleted text begin
1,800 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
3,590 to 4,789 deleted text end new text begin 4,600 to 6,129 new text end |
1.3 percent |
20 percent |
$ |
deleted text begin
1,800 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
4,790 to 5,979 deleted text end new text begin 6,130 to 7,659 new text end |
1.4 percent |
20 percent |
$ |
deleted text begin
1,730 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
5,980 to 8,369 deleted text end new text begin 7,660 to 10,719 new text end |
1.5 percent |
20 percent |
$ |
deleted text begin
1,730 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
8,370 to 9,559 deleted text end new text begin 10,720 to 12,239 new text end |
1.6 percent |
25 percent |
$ |
deleted text begin
1,670 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
9,560 to 10,759 deleted text end new text begin 12,240 to 13,779 new text end |
1.7 percent |
25 percent |
$ |
deleted text begin
1,670 deleted text end new text begin 2,000 new text end |
||
|
deleted text begin
10,760 to 11,949 deleted text end new text begin 13,780 to 15,299 new text end |
1.8 percent |
25 percent |
$ |
deleted text begin
1,610 deleted text end new text begin 1,970 new text end |
||
|
deleted text begin
11,950 to 13,139 deleted text end new text begin 15,300 to 16,829 new text end |
1.9 percent |
30 percent |
$ |
deleted text begin
1,610 deleted text end new text begin 1,900 new text end |
||
|
deleted text begin
13,140 to 14,349 deleted text end new text begin 16,830 to 18,379 new text end |
2.0 percent |
30 percent |
$ |
deleted text begin
1,540 deleted text end new text begin 1,820 new text end |
||
|
deleted text begin
14,350 to 16,739 deleted text end new text begin 18,380 to 21,439 new text end |
2.1 percent |
30 percent |
$ |
deleted text begin
1,540 deleted text end new text begin 1,740 new text end |
||
|
deleted text begin
16,740 to 17,929 deleted text end new text begin 21,440 to 22,959 new text end |
2.2 percent |
35 percent |
$ |
deleted text begin
1,480 deleted text end new text begin 1,590 new text end |
||
|
deleted text begin
17,930 to 19,119 deleted text end new text begin 22,960 to 24,479 new text end |
2.3 percent |
35 percent |
$ |
deleted text begin
1,480 deleted text end new text begin 1,420 new text end |
||
|
deleted text begin
19,120 to 20,319 deleted text end new text begin 24,480 to 26,019 new text end |
2.4 percent |
deleted text begin 35deleted text end new text begin 40new text end percent |
$ |
deleted text begin
1,420 deleted text end new text begin 1,270 new text end |
||
|
deleted text begin
20,320 to 25,099 deleted text end new text begin 26,020 to 32,139 new text end |
2.5 percent |
40 percent |
$ |
deleted text begin
1,420 deleted text end new text begin 1,110 new text end |
||
|
deleted text begin
25,100 to 28,679 deleted text end new text begin 32,140 to 36,729 new text end |
2.6 percent |
deleted text begin 40deleted text end new text begin 45new text end percent |
$ |
deleted text begin
1,360 deleted text end new text begin 950 new text end |
||
|
deleted text begin
28,680 to 35,849 deleted text end new text begin 36,730 to 45,909 new text end |
2.7 percent |
deleted text begin 40deleted text end new text begin 45new text end percent |
$ |
deleted text begin
1,360 deleted text end new text begin 780 new text end |
||
|
deleted text begin
35,850 to 41,819 deleted text end new text begin 45,910 to 53,549 new text end |
2.8 percent |
deleted text begin 45deleted text end new text begin 50new text end percent |
$ |
deleted text begin
1,240 deleted text end new text begin 640 new text end |
||
|
deleted text begin
41,820 to 47,799 deleted text end new text begin 53,550 to 58,499 new text end |
3.0 percent |
deleted text begin 45deleted text end new text begin 50new text end percent |
$ |
deleted text begin
1,240 deleted text end new text begin 470 new text end |
||
|
deleted text begin
47,800 to 53,779 deleted text end |
deleted text begin
3.2 percent deleted text end |
deleted text begin
45 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
1,110 deleted text end |
||
|
deleted text begin
53,780 to 59,749 deleted text end |
deleted text begin
3.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
990 deleted text end |
||
|
deleted text begin
59,750 to 65,729 deleted text end |
deleted text begin
3.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
870 deleted text end |
||
|
deleted text begin
65,730 to 69,319 deleted text end |
deleted text begin
3.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
740 deleted text end |
||
|
deleted text begin
69,320 to 71,719 deleted text end |
deleted text begin
3.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
610 deleted text end |
||
|
deleted text begin
71,720 to 74,619 deleted text end |
deleted text begin
3.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
500 deleted text end |
||
|
deleted text begin
74,620 to 77,519 deleted text end |
deleted text begin
3.5 percent deleted text end |
deleted text begin
50 percent deleted text end |
deleted text begin
$ deleted text end |
deleted text begin
370 deleted text end |
||
The payment made to a claimant shall be the amount of the state refund calculated
under this subdivision. No payment is allowed if the claimant's household income is
deleted text begin $77,520deleted text end new text begin $58,500new text end or more.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for refunds based on property taxes
payable in 2011 and thereafter.
new text end
Sec. 2.
Minnesota Statutes 2008, section 290A.04, subdivision 4, is amended to read:
Subd. 4.
Inflation adjustment.
Beginning for property tax refunds payable in
calendar year 2002, the commissioner shall annually adjust the dollar amounts of the
income thresholds and the maximum refunds under deleted text begin subdivisions 2 anddeleted text end new text begin subdivisionnew text end 2a for
inflation. The commissioner shall make the inflation adjustments in accordance with
section 1(f) of the Internal Revenue Code, except that for purposes of this subdivision the
percentage increase shall be determined from the year ending on June 30, 2000, to the
year ending on June 30 of the year preceding that in which the refund is payable. The
commissioner shall use the appropriate percentage increase to annually adjust the income
thresholds and maximum refunds under deleted text begin subdivisions 2 anddeleted text end new text begin subdivisionnew text end 2a for inflation
without regard to whether or not the income tax brackets are adjusted for inflation in that
year. The commissioner shall round the thresholds and the maximum amounts, as adjusted
to the nearest $10 amount. If the amount ends in $5, the commissioner shall round it up
to the next $10 amount.
The commissioner shall annually announce the adjusted refund schedule at the same
time provided under section 290.06. The determination of the commissioner under this
subdivision is not a rule under the Administrative Procedure Act.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end