Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature
Office of the Revisor of Statutes

HF 5198

as introduced - 93rd Legislature (2023 - 2024) Posted on 05/07/2024 12:11am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Pdf Rtf
Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18
1.19 1.20

A bill for an act
 relating to taxation; property; increasing the maximum amount of the taconite
homestead credit; amending Minnesota Statutes 2022, section 273.135, subdivision
2.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 273.135, subdivision 2, is amended to read:


Subd. 2.

Reduction amount.

The amount of the reduction authorized by subdivision 1
shall be:

(a) In the case of property located within a municipality as defined under section 273.134,
paragraph (a), 66 percent of the tax, provided that the reduction shall not exceed the
maximum amounts specified in paragraph (c).

(b) In the case of property located within the boundaries of a school district which
qualifies as a tax relief area under section 273.134, paragraph (b), but which is outside the
boundaries of a municipality which meets the qualifications prescribed in section 273.134,
paragraph (a), 57 percent of the tax, provided that the reduction shall not exceed the
maximum amounts specified in paragraph (c).

(c) The maximum reduction of the tax is deleted text begin $315.10deleted text end new text begin $415new text end on property described in deleted text begin paragraphdeleted text end new text begin
paragraphsnew text end (a) and deleted text begin $289.80 on property described in paragraphdeleted text end (b).

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with property taxes payable
in 2025.
 new text end