as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 03/23/2006 |
A bill for an act
relating to taxation; requiring registration of certain relative homestead
properties; amending Minnesota Statutes 2004, section 273.124, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2004, section 273.124, is amended by adding a
subdivision to read:
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If the owner of
property or the owner's relative who occupies property that is classified as a homestead
under subdivision 1, paragraph (c), receives compensation for allowing occupancy of any
part of that property for a period that exceeds 31 consecutive days during the calendar
year, the recipient of the compensation must register the property with the city in which
it is located no later than 60 days after the initial rental period began. This requirement
applies to property located in a city that has a population over 25,000. Each such city must
maintain a file of these property registrations that is open to the public, and retain the
registrations for one year after the date of filing.
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This section is effective July 1, 2006.
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