SF 1131

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; eliminating payment of homestead 
  1.3             and agricultural credit aid to special taxing 
  1.4             districts; amending Minnesota Statutes 1994, section 
  1.5             273.1398, subdivisions 2 and 8. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1994, section 273.1398, 
  1.8   subdivision 2, is amended to read: 
  1.9      Subd. 2.  [HOMESTEAD AND AGRICULTURAL CREDIT AID.] 
  1.10  Homestead and agricultural credit aid for each unique taxing 
  1.11  jurisdiction equals the product of (1) the homestead and 
  1.12  agricultural credit aid base, and (2) the growth adjustment 
  1.13  factor, plus the net tax capacity adjustment and the fiscal 
  1.14  disparity adjustment.  For aid payable in 1996 and thereafter, 
  1.15  homestead and agricultural credit aid is paid only to counties, 
  1.16  school districts, home rule charter and statutory cities, and 
  1.17  towns.  Amounts otherwise calculated for special taxing 
  1.18  districts remain in the general fund and are not allocated to 
  1.19  other taxing districts. 
  1.20     Sec. 2.  Minnesota Statutes 1994, section 273.1398, 
  1.21  subdivision 8, is amended to read: 
  1.22     Subd. 8.  [APPROPRIATION.] An amount sufficient to pay the 
  1.23  aids and credits provided under this section for school 
  1.24  districts, intermediate school districts, or any group of school 
  1.25  districts levying as a single taxing entity, is annually 
  2.1   appropriated from the general fund to the commissioner of 
  2.2   education.  An amount sufficient to pay the aids and credits 
  2.3   provided under this section for counties, cities, and towns, and 
  2.4   special taxing districts is annually appropriated from the 
  2.5   general fund to the commissioner of revenue.  A jurisdiction's 
  2.6   aid amount may be increased or decreased based on any prior year 
  2.7   adjustments for homestead credit or other property tax credit or 
  2.8   aid programs. 
  2.9      Sec. 3.  [EFFECTIVE DATE.] 
  2.10     Sections 1 and 2 are effective for aids paid in 1996 and 
  2.11  thereafter.