SF 2627

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; property; providing that 
  1.3             referendum levies are not spread on noncommercial 
  1.4             seasonal residential property; amending Minnesota 
  1.5             Statutes 1994, section 275.61; and Minnesota Statutes 
  1.6             1995 Supplement, section 275.08, subdivision 1b. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1995 Supplement, section 
  1.9   275.08, subdivision 1b, is amended to read: 
  1.10     Subd. 1b.  The amounts certified under section 275.07 by an 
  1.11  individual local government unit, except for any amounts 
  1.12  certified under sections 124A.03, subdivision 2a, and 275.61, 
  1.13  shall be divided by the total net tax capacity of all taxable 
  1.14  properties within the local government unit's taxing 
  1.15  jurisdiction.  The resulting ratio, the local government's local 
  1.16  tax rate, multiplied by each property's net tax capacity shall 
  1.17  be each property's tax for that local government unit before 
  1.18  reduction by any credits.  
  1.19     Any amount certified to the county auditor under section 
  1.20  124A.03, subdivision 2a, or 275.61, after the dates given in 
  1.21  those sections, shall be divided by the total estimated market 
  1.22  value of all taxable properties within the taxing 
  1.23  district excluding noncommercial seasonal residential property 
  1.24  classified class 4c under section 273.13, subdivision 25.  The 
  1.25  resulting ratio, the taxing district's new referendum tax rate, 
  1.26  multiplied by each eligible property's estimated market value 
  2.1   shall be each property's new referendum tax before reduction by 
  2.2   any credits. 
  2.3      Sec. 2.  Minnesota Statutes 1994, section 275.61, is 
  2.4   amended to read: 
  2.5      275.61 [REFERENDUM LEVY; MARKET VALUE.] 
  2.6      Subdivision 1.  [MARKET VALUE.] For local governmental 
  2.7   subdivisions other than school districts, any levy, including 
  2.8   the issuance of debt obligations payable in whole or in part 
  2.9   from property taxes, required to be approved and approved by the 
  2.10  voters at a general or special election for taxes payable in 
  2.11  1993 and thereafter, shall be levied against the market value of 
  2.12  all taxable property within the governmental subdivision, except 
  2.13  as provided in subdivision 2.  Any levy amount subject to the 
  2.14  requirements of this section shall be certified separately to 
  2.15  the county auditor under section 275.07. 
  2.16     The ballot shall state the maximum amount of the increased 
  2.17  levy as a percentage of market value and the amount that will be 
  2.18  raised by the new referendum tax rate in the first year it is to 
  2.19  be levied. 
  2.20     Subd. 2.  [NONCOMMERCIAL SEASONAL RESIDENTIAL PROPERTY 
  2.21  EXCLUDED.] For local governmental subdivisions including school 
  2.22  districts, any levy, including a levy under section 124A.03, 
  2.23  subdivision 2a, and including the issuance of debt obligations 
  2.24  payable in whole or in part from property taxes, required to be 
  2.25  approved by the voters at a general or special election for 
  2.26  taxes payable in 1997 and thereafter, shall not be levied 
  2.27  against the market value of noncommercial seasonal residential 
  2.28  property classified 4c under section 273.13, subdivision 25. 
  2.29     Sec. 3.  [EFFECTIVE DATE.] 
  2.30     Sections 1 and 2 are effective for referenda approved after 
  2.31  the date of final enactment for taxes levied in 1996, payable in 
  2.32  1997, and thereafter.