SF 412

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; property; exempting certain 
  1.3             residential buildings from taxation for a temporary 
  1.4             time period; amending Minnesota Statutes 2000, section 
  1.5             272.02, by adding a subdivision. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2000, section 272.02, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 45.  [RESIDENTIAL BUILDINGS ON TEMPORARY SITES.] A 
  1.10  newly constructed building that is situated on real property is 
  1.11  exempt if it is: 
  1.12     (1) intended for future residential occupancy; 
  1.13     (2) on a temporary foundation and intended to be moved; 
  1.14     (3) not used as a model or for any other business purposes; 
  1.15     (4) not connected to any utilities; and 
  1.16     (5) located on land that will not be sold with the building.
  1.17     The exemption under this subdivision is allowable for only 
  1.18  one assessment year after the date of the initial construction 
  1.19  of the building. 
  1.20     [EFFECTIVE DATE.] This section is effective beginning with 
  1.21  the 2001 assessment and thereafter.