SF 2838

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; extending homestead treatment to 
  1.3             certain property owned by individuals required to 
  1.4             occupy a residence provided by their employers; 
  1.5             amending Minnesota Statutes 1994, section 273.124, by 
  1.6             adding a subdivision. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1994, section 273.124, is 
  1.9   amended by adding a subdivision to read: 
  1.10     Subd. 19.  [PERSONS REQUIRED TO LIVE IN EMPLOYER-PROVIDED 
  1.11  RESIDENCES.] Property that would otherwise be classified as 
  1.12  seasonal recreational residential property that is owned by an 
  1.13  individual who is required to reside in property owned by the 
  1.14  individual's employer is classified as a homestead.  For 
  1.15  property to qualify for the treatment provided in this 
  1.16  subdivision, the owner must apply to the assessor and provide 
  1.17  the information required by the assessor to verify that: 
  1.18     (1) the property is owned exclusively by the individual or 
  1.19  the individual and the individual's spouse; 
  1.20     (2) the terms of the individual's employment require the 
  1.21  individual to reside in property furnished by the employer; and 
  1.22     (3) the individual does not own any other property for 
  1.23  which homestead treatment is claimed. 
  1.24     Sec. 2.  [EFFECTIVE DATE.] 
  1.25     Section 1 is effective for taxes levied in 1996, payable in 
  1.26  1997, and thereafter.