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MN HF3371

Bill

Official Source

Status

Introduced

5/6/2014

Primary Sponsor

Joe McDonald

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Reduces the state general levy base amount from $592,000,000 to $567,800,000 for taxes payable in 2015
  • Sets the state general levy at $283,900,000 for taxes payable in 2016
  • Eliminates the automatic annual adjustment mechanism that previously increased the levy base by the implicit price deflator rate
  • Repeals Minnesota Statutes 2012, section 275.025 entirely, effective beginning with taxes payable in 2017, phasing out the state general levy
  • The state general levy applies only to commercial-industrial property and seasonal residential recreational property

Legislative Description

State general levy phased out.

Last Action

Author added Runbeck

5/12/2014

Committee Referrals

Taxes5/6/2014

Full Bill Text

No bill text available