SF 4173

as introduced - 91st Legislature (2019 - 2020) Posted on 03/10/2020 09:02am

A bill for an act
relating to taxes; property and local; providing refunds.

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

Section 1. new text begin SPECIAL REFUND PROVISION.
new text end

new text begin Subdivision 1. new text end

new text begin Definition. new text end

new text begin For purposes of this section, "qualifying assessment" means
a special assessment assessed by the Sauk River Watershed District in 2015 or 2019.
new text end

new text begin Subd. 2. new text end

new text begin Refund. new text end

new text begin (a) A property owner who owns property subject to a qualifying
assessment is eligible for a refund as determined under this section. The refund is equal to
ten percent of the property's share of a qualifying assessment. To qualify for a refund, a
property owner must apply to the assessor by December 15, 2020. After the county assessor
has verified that the applicant qualifies for a refund, the county treasurer must then issue
the refund. If the property owner established a multiyear payment plan to make payments
on a qualifying assessment, the treasurer must annually refund ten percent of the amount
previously paid on the assessment, including interest, that has not been refunded.
new text end

new text begin (b) The commissioner of revenue must reimburse counties for payments made under
this section. The amount required 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