SF 4163

as introduced - 91st Legislature (2019 - 2020) Posted on 03/10/2020 08:59am

A bill for an act
relating to taxes; property and local; reimbursing state general fund for extra
payments made in the previous year; amending Minnesota Statutes 2018, section
477A.014, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2018, section 477A.014, is amended by adding a subdivision
to read:

new text begin Subd. 6. new text end

new text begin Aid corrections after levy certification. new text end

new text begin If a city or county is informed of an
additional aid payment under subdivision 3, after they have certified the levy that will be
payable in the same calendar year in which the additional aid is paid, the city or county will
receive a onetime reduction in aid paid in the following calendar year. The amount of aid
reduction in the following calendar year is the amount of additional aid the city or county
received due to a recertification of aid in the previous year. This reduction shall not be used
when determining the certified aid used in subsequent aid calculations. No reductions will
be made for any adjustments under subdivision 3 that occur prior to the final day in which
a city or county must set its levy that is payable in the calendar year in which the adjustment
under subdivision 3 is made. The total of the reductions in aid under this subdivision in any
year will not be redistributed to the cities or counties but will remain in the state general
fund.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for aids payable in calendar year 2020
and thereafter.
new text end