Minnesota Legislature
HF 4227
as introduced - 92nd Legislature (2021 - 2022) Posted on 03/21/2022 04:28pm
Bill Text Versions
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|---|---|---|
| Introduction | Posted on 03/10/2022 |
Current Version - as introduced
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A bill for an act
relating to taxation; property tax refunds; increasing the renter's credit income cap;
reducing co-pays; increasing maximum refunds; amending Minnesota Statutes
2020, section 290A.04, subdivisions 2a, 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2020, section 290A.04, subdivision 2a, is amended to read:
Subd. 2a.
Renters.
A claimant whose rent constituting property taxes exceeds the
percentage of the household income stated below must pay an amount equal to the percent
of income shown for the appropriate household income level along with the percent to be
paid by the claimant of the remaining amount of rent constituting property taxes. The state
refund equals the amount of rent constituting property taxes that remain, up to the maximum
state refund amount shown below.
| Household Income |
Percent of Income |
Percent Paid by Claimant |
Maximum State Refund |
|
| $0 to deleted text begin 5,269 deleted text end new text begin 5,830 new text end |
1.0 percent |
5 percent |
$ |
deleted text begin
2,150 deleted text end new text begin 3,060 new text end |
|
deleted text begin
5,270 to 6,999 deleted text end new text begin 5,830 to 7,740 new text end |
1.0 percent |
10 percent |
$ |
deleted text begin
2,150 deleted text end new text begin 3,060 new text end |
|
deleted text begin
7,000 to 8,749 deleted text end new text begin 7,740 to 9,670 new text end |
1.1 percent |
10 percent |
$ |
deleted text begin
2,090 deleted text end new text begin 3,060 new text end |
|
deleted text begin
8,750 to 12,269 deleted text end new text begin 9,670 to 13,560 new text end |
1.2 percent |
10 percent |
$ |
deleted text begin
2,040 deleted text end new text begin 3,060 new text end |
|
deleted text begin
12,270 to 15,779 deleted text end new text begin 13,560 to 17,440 new text end |
1.3 percent |
15 percent |
$ |
deleted text begin
1,980 deleted text end new text begin 3,060 new text end |
|
deleted text begin
15,780 to 17,519 deleted text end new text begin 17,440 to 19,370 new text end |
1.4 percent |
15 percent |
$ |
deleted text begin
1,930 deleted text end new text begin 3,060 new text end |
|
deleted text begin
17,520 to 19,259 deleted text end new text begin 19,370 to 21,290 new text end |
1.4 percent |
20 percent |
$ |
deleted text begin
1,880 deleted text end new text begin 3,060 new text end |
|
deleted text begin
19,260 to 22,779 deleted text end new text begin 21,290 to 25,180 new text end |
1.5 percent |
20 percent |
$ |
deleted text begin
1,820 deleted text end new text begin 3,060 new text end |
|
deleted text begin
22,780 to 24,529 deleted text end new text begin 25,180 to 27,120 new text end |
1.6 percent |
20 percent |
$ |
deleted text begin
1,770 deleted text end new text begin 3,060 new text end |
|
deleted text begin
24,530 to 26,279 deleted text end new text begin 27,120 to 29,050 new text end |
1.7 percent |
25 percent |
$ |
deleted text begin
1,770 deleted text end new text begin 3,060 new text end |
|
deleted text begin
26,280 to 29,789 deleted text end new text begin 29,050 to 32,930 new text end |
1.8 percent |
25 percent |
$ |
deleted text begin
1,770 deleted text end new text begin 3,060 new text end |
|
deleted text begin
29,790 to 31,529 deleted text end new text begin 32,930 to 34,860 new text end |
1.9 percent |
30 percent |
$ |
deleted text begin
1,770 deleted text end new text begin 3,060 new text end |
|
deleted text begin
31,530 to 36,789 deleted text end new text begin 34,860 to 40,670 new text end |
2.0 percent |
30 percent |
$ |
deleted text begin
1,770 deleted text end new text begin 3,060 new text end |
|
deleted text begin
36,790 to 42,039 deleted text end new text begin 40,670 to 46,470 new text end |
2.0 percent |
35 percent |
$ |
deleted text begin
1,770 deleted text end new text begin 3,060 new text end |
|
deleted text begin
42,040 to 49,059 deleted text end new text begin 46,470 to 54,230 new text end |
2.0 percent |
40 percent |
$ |
deleted text begin
1,770 deleted text end new text begin 2,480 new text end |
|
deleted text begin
49,060 to 50,799 deleted text end new text begin 54,230 to 56,160 new text end |
2.0 percent |
45 percent |
$ |
deleted text begin
1,610 deleted text end new text begin 2,480 new text end |
|
deleted text begin
50,800 to 52,559 deleted text end new text begin 56,160 to 58,100 new text end |
2.0 percent |
45 percent |
$ |
deleted text begin
1,450 deleted text end new text begin 2,480 new text end |
|
deleted text begin
52,560 to 54,319 deleted text end new text begin 58,100 to 60,050 new text end |
2.0 percent |
45 percent |
$ |
deleted text begin
1,230 deleted text end new text begin 2,480 new text end |
|
deleted text begin
54,320 to 56,059 deleted text end new text begin 60,050 to 61,970 new text end |
2.0 percent |
50 percent |
$ |
deleted text begin
1,070 deleted text end new text begin 1,900 new text end |
|
deleted text begin
56,060 to 57,819 deleted text end new text begin 61,970 to 63,920 new text end |
2.0 percent |
50 percent |
$ |
deleted text begin
970 deleted text end new text begin 1,500 new text end |
|
deleted text begin
57,820 to 59,569 deleted text end new text begin 63,920 to 65,850 new text end |
2.0 percent |
50 percent |
$ |
deleted text begin
540 deleted text end new text begin 1,000 new text end |
|
deleted text begin
59,570 to 61,319 deleted text end new text begin 65,850 to 67,790 new text end |
2.0 percent |
50 percent |
$ |
deleted text begin
210 deleted text end new text begin 500 new text end |
The payment made to a claimant is the amount of the state refund calculated under this
subdivision. No payment is allowed if the claimant's household income is deleted text begin $61,320deleted text end new text begin $67,790new text end
or more.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for refunds based on rent paid in 2022
and following years.
new text end
Sec. 2.
Minnesota Statutes 2020, section 290A.04, subdivision 4, is amended to read:
Subd. 4.
Inflation adjustment.
The commissioner shall annually adjust the dollar
amounts of the income thresholds and the maximum refunds under subdivisions 2 and 2a
as provided in section 270C.22. new text begin The statutory year for subdivision 2a is 2022. new text end The statutory
yearnew text begin for subdivision 2new text end is 2018.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for claims based on rent paid in 2023
and following years.
new text end