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MN HF2699

Bill

Official Source

Status

Introduced

3/5/2012

Primary Sponsor

Diane Loeffler

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Excludes the first $150,000 in value of each commercial-industrial property from the state general levy
  • Applies to taxable property classified as class 3 or class 5(1) under Minnesota Statutes section 273.13
  • Maintains existing exclusions for electric generation attached machinery under class 3 and property described in section 473.625
  • Effective for taxes payable in 2013 and thereafter
  • Amends Minnesota Statutes 2010, section 275.025, subdivision 2

Legislative Description

State general levy; first $150,000 excluded in value of each commercial-industrial property.

Last Action

Authors added Gruenhagen and Slocum

3/7/2012

Committee Referrals

Property and Local Tax3/6/2012
Taxes3/5/2012

Full Bill Text

No bill text available