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MN HF3747
Bill
Status
3/29/2010
Primary Sponsor
Paul Marquart
Click for details
AI Summary
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Allows an airport authority established under Minnesota Statutes, section 360.042, that includes the city of Thief River Falls to exercise its levy authority based on referendum market value instead of net tax capacity.
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Levy must be based on the referendum market value of the area as defined in Minnesota Statutes, section 126C.01, subdivision 3.
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The intent to use this alternative levy method must be stated in the joint agreement establishing the airport authority.
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Section becomes effective the day following final enactment, without requiring local approval as provided by Minnesota Statutes, section 654.023, subdivision 1, paragraph (a).
Legislative Description
Thief River Falls airport authority allowed to levy against referendum market value rather than net tax capacity.
Last Action
House: Referred by Chair to Property and Local Sales Tax Division
3/30/2010