SF 2495

as introduced - 92nd Legislature (2021 - 2022) Posted on 05/06/2021 07:45am

A bill for an act
relating to taxation; property; providing reimbursement of local refunds of tax on
state-assessed property; appropriating money.

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

Section 1. new text begin REFUNDS OF OVERPAYMENT; STATE-ASSESSED PROPERTY.
new text end

new text begin (a) A taxing district required to pay a refund to a taxpayer under Minnesota Statutes,
chapter 271 or section 278.12, may apply to the commissioner of revenue under paragraph
(c) for reimbursement of a portion of the refund, provided that:
new text end

new text begin (1) the refund is for a final judgment that is the result of an appeal filed by a utility
company under Minnesota Statutes, section 273.372; and
new text end

new text begin (2) the final judgment was entered after January 1, 2021, and before July 1, 2023.
new text end

new text begin (b) A taxing district required to pay a refund to a taxpayer as the result of an
administrative appeal under Minnesota Statutes, section 273.372, subdivision 4, may apply
to the commissioner of revenue under paragraph (c) for reimbursement of a portion of the
refund, provided that the final determination of the appeal was made after January 1, 2021,
and before July 1, 2023.
new text end

new text begin (c) Reimbursements under this section are equal to the amount by which the refund due
exceeds 0.01 times the taxing district's total budget expenditures. If the refund does not
exceed 0.01 times the taxing district's total budget expenditures, the commissioner shall not
pay a reimbursement under this section. For the purposes of this paragraph, "total budget
expenditures" means the total expenditures in the taxing district's final budget which
corresponds to the taxes payable year for which the refund to the taxpayer is due. The
commissioner must prescribe the form and manner of the applications for payments under
this section.
new text end

new text begin (d) An amount sufficient to make payments under paragraph (c) is annually appropriated
from the general fund to the commissioner of revenue.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end