SF 1403

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; property; exempting 
  1.3             noncommercial seasonal residential property from 
  1.4             school levies; amending Minnesota Statutes 1998, 
  1.5             section 275.08, subdivision 1b. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1998, section 275.08, 
  1.8   subdivision 1b, is amended to read: 
  1.9      Subd. 1b.  [COMPUTATION OF TAX RATES.] (a) The amounts 
  1.10  certified to be levied against net tax capacity under section 
  1.11  275.07 by an individual local government unit shall be divided 
  1.12  by the total net tax capacity of all taxable properties within 
  1.13  the local government unit's taxing jurisdiction.  The resulting 
  1.14  ratio, the local government's local tax rate, multiplied by each 
  1.15  property's net tax capacity shall be each property's net tax 
  1.16  capacity tax for that local government unit before reduction by 
  1.17  any credits.  
  1.18     (b) Any amount certified to the county auditor to be levied 
  1.19  against market value shall be divided by the total referendum 
  1.20  market value of all taxable properties within the taxing 
  1.21  district.  The resulting ratio, the taxing district's new 
  1.22  referendum tax rate, multiplied by each property's referendum 
  1.23  market value shall be each property's new referendum tax before 
  1.24  reduction by any credits.  For the purposes of this subdivision, 
  1.25  "referendum market value" means the market value as defined in 
  2.1   section 126C.01, subdivision 3. 
  2.2      (c) For purposes of the computations in paragraphs (a) and 
  2.3   (b), in the case of all levies by a school district, including 
  2.4   debt service levies and school referendum levies, the total net 
  2.5   tax capacity under paragraph (a) or the total referendum market 
  2.6   value under paragraph (b) of all taxable properties in the 
  2.7   school district must be reduced by the total net tax capacity or 
  2.8   total referendum market value of seasonal residential 
  2.9   recreational property classified under section 273.13, 
  2.10  subdivision 25, paragraph (d), not used for commercial purposes, 
  2.11  that is located within the school district.  
  2.12     In determining the net tax capacity tax under paragraph (a) 
  2.13  or the referendum tax under paragraph (b) of property described 
  2.14  in this paragraph, the school district's local tax rate or 
  2.15  referendum tax rate must not be applied to the property. 
  2.16     Sec. 2.  [EFFECTIVE DATE.] 
  2.17     Section 1 is effective for taxes levied in 1999, payable in 
  2.18  2000, and thereafter.