MN SF2931

Reduces delinquent tax penalty on manufactured homes from eight percent to six percent, effective for taxes assessed on or after January 1, 2015.

Reduces delinquent tax penalty on personal property from eight percent to six percent, effective for taxes assessed on or after January 1, 2015.

Reduces nonhomestead real estate penalty from eight percent to six percent on June 1 and adds a cap stating no penalty on any class of property shall exceed six percent, effective for taxes assessed on or after January 1, 2015.

Eliminates December penalty for nonhomestead property and reduces November penalty from four percent to two percent on nonhomestead property.