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MN HF1827

Bill

Official Source

Status

Introduced

1/24/2012

Primary Sponsor

John Ward

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Eliminates the distinction between homestead and nonhomestead property tax penalties, applying a uniform two percent penalty until May 31 and four percent on June 1
  • Removes the higher penalty structure for nonhomestead property that previously imposed four percent until May 31 and eight percent on June 1
  • Simplifies subsequent penalty accrual by applying a single one percent monthly penalty for each month from July 1 through October 1, and a four percent penalty on November 1 followed by two percent on December 1 for all property types
  • Applies to property taxes payable in 2013 and thereafter
  • Repeals Minnesota Statutes 2010, section 279.01, subdivision 4

Legislative Description

Late payment penalties modified.

Last Action

Author added Norton

3/8/2012

Committee Referrals

Property and Local Tax2/3/2012
Taxes1/24/2012

Full Bill Text

No bill text available