SF 3247

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; levy limits; modifying the 
  1.3             calculation of levy limit base; amending Minnesota 
  1.4             Statutes 2001 Supplement, section 275.71, subdivision 
  1.5             2. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2001 Supplement, section 
  1.8   275.71, subdivision 2, is amended to read: 
  1.9      Subd. 2.  [LEVY LIMIT BASE.] (a) The levy limit base for a 
  1.10  local governmental unit for taxes levied in 2001 is equal to the 
  1.11  greater of: 
  1.12     (1) the sum of its adjusted levy limit base for taxes 
  1.13  levied in 1999 plus the amount it levied in 1999 under Minnesota 
  1.14  Statutes 1999 Supplement, section 275.70, subdivision 5, clauses 
  1.15  (8) and (13), multiplied by: 
  1.16     (i) one plus the percentage growth in the implicit price 
  1.17  deflator for the 12-month period ending March 30, 2000; 
  1.18     (ii) one plus a percentage equal to the annual percentage 
  1.19  increase in the estimated number of households, if any, for the 
  1.20  most recent 12-month period that was available on July 1, 2000; 
  1.21  and 
  1.22     (iii) one plus a percentage equal to 50 percent of the 
  1.23  percentage increase in the taxable market value of the 
  1.24  jurisdiction due to new construction of class 3 property, as 
  1.25  defined in section 273.13, subdivision 24, except for 
  2.1   state-assessed utility and railroad operating property, for the 
  2.2   most recent year for which data was available as of July 1, 
  2.3   2000; or 
  2.4      (2) an amount equal to: 
  2.5      (i) the sum of the amount it levied in 2000 plus the amount 
  2.6   of aids it was certified to receive in calendar year 2001 under 
  2.7   sections 273.1398, 298.282, 477A.011 to 477A.03, prior to any 
  2.8   aid reductions under section 273.1399, subdivision 5, 477A.06, 
  2.9   and 477A.065; less 
  2.10     (ii) the amount it levied in 2000 that would qualify as 
  2.11  special levies under section 275.70, subdivision 6, for taxes 
  2.12  levied in 2001.  The local governmental unit shall provide the 
  2.13  commissioner of revenue with sufficient information to make this 
  2.14  calculation. 
  2.15     (b) If the governmental unit was not subject to levy limits 
  2.16  for taxes levied in 1999, its levy limit base for taxes levied 
  2.17  in 2001 is equal to the amount calculated under paragraph (a), 
  2.18  clause (2). 
  2.19     (c) The levy limit base for a local governmental unit for 
  2.20  taxes levied in 2002 is equal to its adjusted levy limit base in 
  2.21  the previous year, plus the amount of tree growth tax it 
  2.22  received in calendar year 2002 under sections 270.31 to 270.39, 
  2.23  and subject to any adjustments under section 275.72. 
  2.24     [EFFECTIVE DATE.] This section is effective for taxes 
  2.25  levied in 2002, payable in 2003.