HF 665

as introduced - 89th Legislature (2015 - 2016) Posted on 02/05/2015 02:00pm

A bill for an act
relating to taxation; property; phasing out the state general levy on seasonal
recreational property over five years; amending Minnesota Statutes 2014, section
275.025, subdivision 4.

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

Section 1.

Minnesota Statutes 2014, section 275.025, subdivision 4, is amended to read:

Subd. 4.

Apportionment and levy of state general tax.

deleted text begin Ninety-five deleted text end new text begin For taxes
payable in 2016, 96 new text end percent of the state general tax must be levied by applying a uniform
rate to all commercial-industrial tax capacity and deleted text begin five deleted text end new text begin four new text end percent of the state general tax
must be levied by applying a uniform rate to all seasonal residential recreational tax
capacity. new text begin In each subsequent year, the portion to be levied on commercial-industrial
tax capacity will be increased by one percentage point each year, and the portion to be
levied on seasonal-recreational tax capacity will be reduced by one percentage point each
year, until the entire amount is levied on commercial-industrial net tax capacity for taxes
payable in 2020 and thereafter. new text end On or before October 1 each year, the commissioner of
revenue shall certify the preliminary state general levy rates to each county auditor that
must be used to prepare the notices of proposed property taxes for taxes payable in the
following year. By January 1 of each year, the commissioner shall certify the final state
general levy rate to each county auditor that shall be used in spreading taxes.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with taxes payable in 2016.
new text end