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MN SF3389
Bill
Status
Introduced
4/27/2010
Primary Sponsor
Daniel Sparks
Click for details
AI Summary
- Reduces the property tax amount threshold that triggers split payment eligibility from $250 to $100 for both individual properties and aggregate multiple tracts or parcels
- Allows property owners with taxes exceeding $100 to pay one-half before the first due date without penalty and the remaining one-half before October 16 without penalty
- Applies to property taxes payable in 2011 and thereafter
- Maintains existing penalty structures: 2% for homestead and 4% for nonhomestead property on the first installment, with additional monthly penalties accruing from July through December for unpaid balances
- County treasurers may accept partial or overpayment amounts, with payments applied first to the oldest installment due and then to accrued penalties
Legislative Description
Property tax installment payments provision modification
Last Action
Senate: Introduction and first reading
4/27/2010
Committee Referrals
Taxes4/27/2010
Full Bill Text
No bill text available