2006 Minnesota Statutes

276A.04 INCREASE IN NET TAX CAPACITY.
By July 15 of 1997 and each subsequent year, the auditor of each county in the area shall
determine the amount, if any, by which the net tax capacity determined in the preceding year
pursuant to section 276A.03, of commercial-industrial property subject to taxation within each
municipality in the county exceeds the net tax capacity in 1995 of commercial-industrial property
subject to taxation within that municipality. If a municipality is located in two or more counties
within the area, the auditors of those counties shall certify the data required by section 276A.03 to
the county auditor responsible for allocating the levies of that municipality between or among the
affected counties. That county auditor shall determine the amount of the net excess, if any, for the
municipality under this section, and certify that amount under section 276A.05. The increase in
total net tax capacity determined by this section must be reduced by the amount of any decreases
in the net tax capacity of commercial-industrial property resulting from any court decisions,
court-related stipulation agreements, or abatements for a prior year, and only in the amount of
such decreases made during the 12-month period ending on May 1 of the current assessment year,
where the decreases, if originally reflected in the determination of a prior year's net tax capacity
under section 276A.03, would have resulted in a smaller contribution from the municipality in that
year. An adjustment for the decreases shall be made only if the municipality made a contribution
in a prior year based on the higher net tax capacity of the commercial-industrial property.
History: 1996 c 471 art 11 s 6