SF 2128

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to property taxation; providing a valuation
exclusion for new or refurbished individual sewage
treatment systems; amending Minnesota Statutes 2004,
section 273.11, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2004, section 273.11, is
amended by adding a subdivision to read:

new text begin Subd. 21. new text end

new text begin Valuation exclusion for sewage treatment system
improvements. new text end

new text begin (a) Owners of property classified as class 1a,
1b, 1c, 2a, 4b, 4bb, or noncommercial 4c under section 273.13
may apply for a valuation exclusion under this subdivision,
provided that the following conditions are met:
new text end

new text begin (1) a notice of noncompliance has been issued by a licensed
compliance inspector with regard to the individual sewage
treatment system serving the property under section 115.55,
subdivision 5b;
new text end

new text begin (2) the owner of the property furnishes documentation to
the satisfaction of the assessor that the property's individual
sewage treatment system has been replaced or refurbished between
January 1, 2005, and December 31, 2009; and
new text end

new text begin (3) a certificate of compliance has been issued for the new
or refurbished system under section 115.55, subdivision 5.
new text end

new text begin (b) Application shall be made to the assessor on a form
prescribed by the assessor. Property meeting the requirements
above shall be eligible for a valuation exclusion equal to 50
percent of the actual costs incurred, to a maximum exclusion of
$7,500, for a period of five years. The valuation exclusion
shall terminate upon the sale of the property. If a property
owner applies for exclusion under this subdivision between
January 1 and June 30 of any year, the exclusion shall first
apply for taxes payable in the following year. If a property
owner applies for exclusion under this subdivision between July
1 and December 31 of any year, the exclusion shall first apply
for taxes payable in the second following year.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes
payable in 2006 and subsequent years.
new text end