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MN HF2313

Bill

Official Source

Status

Introduced

2/15/2012

Primary Sponsor

Thomas Rukavina

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Reduces the minimum interest rate on delinquent property taxes from 10 percent to 4 percent for taxes unpaid on or after January 1, 2013
  • Lowers the maximum interest rate on delinquent taxes from 14 percent to 7 percent for unpaid amounts on or after January 1, 2013
  • Maintains the previous 10-14 percent interest rate range for delinquent taxes unpaid between January 1, 1991 and December 31, 2012
  • Interest rates are determined by section 270C.40, subdivision 5, with annual adjustments on January 1
  • Makes both sections effective the day following final enactment

Legislative Description

Delinquent property tax interest rate changed.

Last Action

Division action, to pass and return to Taxes

3/14/2012

Committee Referrals

Property and Local Tax2/22/2012
Taxes2/15/2012

Full Bill Text

No bill text available