1.1                          A bill for an act 
  1.2             relating to taxation; requiring certain school 
  1.3             district levies to be levied against referendum market 
  1.4             value; proposing coding for new law in Minnesota 
  1.5             Statutes, chapter 124. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [124.975] [LEVY APPROVED BY ELECTORS; MARKET 
  1.8   VALUE.] 
  1.9      Unless otherwise provided in sections 124A.03 and 
  1.10  124A.0311, or other law, a school district levy imposed to pay 
  1.11  obligations or provide funds approved by the electors under 
  1.12  section 475.58 or 124.82, subdivision 3, after November 1, 1998, 
  1.13  for taxes payable in 1999 or thereafter, must be levied against 
  1.14  the referendum market value of all taxable property as defined 
  1.15  in section 124A.02, subdivision 3b.  A levy subject to the 
  1.16  requirements of this section must be separately certified to the 
  1.17  county auditor under section 275.07. 
  1.18     Sec. 2.  [EFFECTIVE DATE.] 
  1.19     Section 1 is effective the day following final enactment.