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SF 597

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/24/2023 08:35am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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
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A bill for an act
relating to taxation; property; expanding the area of the Iron Range fiscal disparities
program; amending Minnesota Statutes 2022, section 276A.01, subdivision 2.

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

Section 1.

Minnesota Statutes 2022, section 276A.01, subdivision 2, is amended to read:


Subd. 2.

Area.

"Area" meansnew text begin :
new text end

new text begin (1)new text end the territory included within all taconite assistance areas defined in section 273.1341deleted text begin .deleted text end new text begin ;
and
new text end

new text begin (2) the remaining portions of any county where at least 35 percent of the county's net
tax capacity is within the area defined in section 273.1341. The administrative auditor must
determine qualification under this clause prior to May 1 of each year, based upon data for
the previous assessment year.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with taxes payable in 2024.
new text end