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MN HF3222
Bill
Status
3/1/2010
Primary Sponsor
Gail Jackson
Click for details
AI Summary
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Reduces "rent constituting property taxes" from 19 percent to 18 percent of gross rent for claims based on rent paid in 2010 only.
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Provides a refund equal to 60 percent of property tax increases on agricultural property that exceed 25 percent between 2009 and 2010, if the increase amounts to $250 or more.
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Limits the maximum refund to $1,000 and excludes increases attributable to property improvements made after the prior year's assessment date.
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Requires claimants to file a copy of the 2009 property tax statement with their refund return and provide additional information as required by the commissioner.
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Appropriates funds from the general fund to the commissioner of revenue for refunds payable after June 30, 2011.
Legislative Description
State-paid refund provided of certain property tax increases on agricultural property, percentage temporarily reduced of rent constituting property taxes, and money appropriated.
Last Action
House: Introduction and first reading, referred to Taxes
3/1/2010