Loading chat...

MN HF3192

Bill

Official Source

Status

Introduced

3/19/2014

Primary Sponsor

Paul Torkelson

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Amends Minnesota Statutes section 273.124, subdivision 11 to establish a new classification procedure for properties that are partly homestead and partly commercial-industrial
  • Requires the value of the homestead portion to be assessed as homestead under section 273.13, subdivisions 22 or 23, with a minimum assessment of $76,000
  • Allows homestead and nonhomestead tax reductions under sections 273.135 and 273.1391 to apply to both portions of split-classified properties
  • Effective beginning with taxes payable in 2015

Legislative Description

Part homestead and part commercial-industrial property classification procedure changed.

Last Action

Introduction and first reading, referred to Taxes

3/19/2014

Committee Referrals

Taxes3/19/2014

Full Bill Text

No bill text available