1.1 	A bill for an act
1.2 	relating to taxation; property; exempting the first tier of commercial-industrial 
1.3 	property value from the state general levy; amending Minnesota Statutes 2012, 
1.4 	section 275.025, subdivision 2.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2012, section 275.025, subdivision 2, is amended to read:
1.7 		Subd. 2.Commercial-industrial tax capacity. For the purposes of this section, 
1.8 	"commercial-industrial tax capacity" means the tax capacity of all taxable property 
1.9 	classified as class 3 or class 5(1) under section 273.13, ~~except for~~ excluding: (1) the 
1.10 	first tier of commercial-industrial value as defined under section 273.13, subdivision 24; 
1.11 	(2) electric generation attached machinery under class 3; and (3) property described in 
1.12 	section 473.625. County commercial-industrial tax capacity amounts are not adjusted 
1.13 	for the captured net tax capacity of a tax increment financing district under section 
1.14 	469.177, subdivision 2, the net tax capacity of transmission lines deducted from a local 
1.15 	government's total net tax capacity under section 273.425, or fiscal disparities contribution 
1.16 	and distribution net tax capacities under chapter 276A or 473F.

1.17 	EFFECTIVE DATE. This section is effective beginning with taxes payable in 2015.