1999 Minnesota Statutes

     273.1382 Education homestead credit; education 
  agricultural credit. 

    Subdivision 1.    Education credit tax rate.  Each year, 
 the respective county auditors shall determine the initial tax 
 rate for each school district for the general education levy 
 certified under section 126C.13, subdivision 2 or 3.  That rate 
 plus the school district's education homestead credit tax rate 
 adjustment under section 275.08, subdivision 1e, shall be the 
 general education credit tax rate for the district.  

    Subd. 1a.    Education homestead credit.  Each county 
 auditor shall determine a general education homestead credit for 
 each homestead within the county equal to 66.2 percent for taxes 
 payable in 1999 and 83 percent for taxes payable in 2000 and 
 thereafter of the education credit tax rate times the net tax 
 capacity of the homestead for the taxes payable year.  The 
 amount of general education homestead credit for a homestead may 
 not exceed $320 for taxes payable in 1999 and $390 for taxes 
 payable in 2000 and thereafter.  In the case of an agricultural 
 homestead, only the net tax capacity of the house, garage, and 
 surrounding one acre of land shall be used in determining the 
 property's education homestead credit. 

    Subd. 1b.    Education agricultural credit.  Property 
 classified as class 2a agricultural homestead or class 2b 
 agricultural nonhomestead or timberland is eligible for 
 education agricultural credit.  The credit is equal to 54 
 percent, in the case of agricultural homestead property, or 50 
 percent, in the case of agricultural nonhomestead property or 
 timberland, of the property's net tax capacity times the 
 education credit tax rate determined in subdivision 1.  The net 
 tax capacity of class 2a property attributable to the house, 
 garage, and surrounding one acre of land is not eligible for the 
 credit under this subdivision. 

    Subd. 2.    Credit reimbursements.  (a) The commissioner 
 of revenue shall determine the tax reductions allowed under this 
 section for each taxes payable year, and for each school 
 district based upon a review of the abstracts of tax lists 
 submitted by the county auditors under section 275.29, and from 
 any other information which the commissioner deems relevant.  
 The commissioner of revenue shall generally compute the tax 
 reductions at the unique taxing jurisdiction level, however the 
 commissioner may compute the tax reductions at a higher 
 geographic level if that would have a negligible impact, or if 
 changes in the composition of unique taxing jurisdictions do not 
 permit computation at the unique taxing jurisdiction level.  The 
 commissioner's determinations under this paragraph are not rules.

    (b) The commissioner of revenue shall certify the total of 
 the tax reductions granted under this section for each taxes 
 payable year within each school district to the commissioner of 
 children, families, and learning after July 1 and on or before 
 August 1 of the taxes payable year.  The commissioner of 
 children, families, and learning shall reimburse each affected 
 school district for the amount of the property tax reductions 
 allowed under this section as provided in section 273.1392.  The 
 commissioner of children, families, and learning shall treat the 
 reimbursement payments as entitlements for the same state fiscal 
 year as certified, including with each district's initial 
 payment all amounts that would have been paid up to that date, 
 computed as if 90 percent of the annual reimbursement amount for 
 the district were being paid one-twelfth in each month of the 
 fiscal year.  

    Subd. 3.    Appropriation.  An amount sufficient to make 
 the payments required by this section is annually appropriated 
 from the general fund to the commissioner of children, families, 
 and learning.  

    HIST: 1997 c 231 art 1 s 12; 1997 c 251 s 20; 1Sp1997 c 5 s 
 45; 1998 c 389 art 2 s 13,14; 1998 c 397 art 11 s 3; 1999 c 243 
 art 5 s 21