1998 Minnesota Statutes

     273.166 Manufactured home homestead and agricultural 
  credit aid. 

    Subdivision 1.    Definitions.  (a) "Current local tax 
 rate" has the meaning given it in section 273.1398, subdivision 
 1.  

    (b) "Growth adjustment factor" means the growth adjustment 
 factor used in the calculation of homestead and agricultural 
 credit aid for the payable year in which the manufactured home 
 homestead and agricultural credit aid is payable.  

    (c) "Net tax capacity" means the product of (1) the 
 appropriate net class rates for the year in which the aid is 
 payable, except that for aids payable in 1993 the class rate 
 applicable to class 4a shall be 3.5 percent; and the class rate 
 applicable to class 4b shall be 2.65 percent; and for aid 
 payable in 1994 the class rate applicable to class 4b shall be 
 2.4 percent, and (2) estimated market values of manufactured 
 homes assessed under section 273.125 for the assessment one year 
 prior to that in which the aid is payable.  "Total net tax 
 capacity" means the net tax capacities for all manufactured 
 homes within the taxing district assessed under section 
 273.125.  Net tax capacity cannot be less than zero.  

    (d) "Net tax capacity adjustment" means (1) the total 
 previous net tax capacity minus the total net tax capacity, 
 multiplied by (2) the taxing district's current local tax rate.  
 The net tax capacity adjustment cannot be less than zero.  

    (e) "Previous net tax capacity" means the product of the 
 appropriate net class rates for the year previous to the year in 
 which the aid is payable, and estimated market values of 
 manufactured homes assessed under section 273.125 for the 
 assessment one year prior to that in which the aid is payable.  
 "Total previous net tax capacity" means the previous net tax 
 capacities for all manufactured homes within the taxing district 
 assessed under section 273.125.  Previous net tax capacity 
 cannot be less than zero.  

    Subd. 2.    Manufactured home homestead and agricultural 
 credit aid.  For each calendar year, the manufactured home 
 homestead and agricultural credit aid for each taxing 
 jurisdiction equals the taxing jurisdiction's manufactured home 
 homestead and agricultural credit aid determined under this 
 subdivision for the preceding aid payable year times the growth 
 adjustment factor for the jurisdiction plus the net tax capacity 
 adjustment for the jurisdiction.  Payment will not be made to 
 any taxing jurisdiction that has ceased to levy a property tax. 

    Subd. 3.    Aid calculation.  The commissioner of 
 revenue shall make the calculation required in subdivision 2 and 
 annually pay manufactured home homestead and agricultural credit 
 aid to the local governments at the times provided in section 
 473H.10 for local governments other than school districts.  Aid 
 payments to the school districts must be certified to the 
 commissioner of children, families, and learning and paid under 
 section 273.1392. 

    Subd. 4.  Repealed, 1994 c 587 art 3 s 21 para (b) 

    Subd. 5.    Appropriation.  There is annually 
 appropriated from the general fund to the commissioner of 
 children, families, and learning a sum sufficient to pay the 
 aids provided under this section for school districts, 
 intermediate school districts, or any group of school districts 
 levying as a single taxing entity.  There is annually 
 appropriated from the general fund to the commissioner of 
 revenue a sum sufficient to pay the aids provided under this 
 section to counties, cities, towns, and special taxing districts.

    HIST: 1993 c 375 art 3 s 21; 1994 c 416 art 1 s 24; 1994 c 587 
 art 3 s 9; 1Sp1995 c 3 art 16 s 13; 1998 c 254 art 1 s 76