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MN SF2980

Bill

Official Source

Status

Introduced

5/9/2014

Primary Sponsor

Mark Anderson

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Origin

Senate

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 annual adjustment mechanism that previously increased the levy base by the implicit price deflator for government consumption expenditures
  • Repeals Minnesota Statutes 2012, section 275.025 entirely, effective for taxes payable in 2017
  • The levy applies only to commercial-industrial property and seasonal residential recreational property

Legislative Description

General property tax levy phaseout

Last Action

Referred to Taxes

5/9/2014

Committee Referrals

Taxes5/9/2014

Full Bill Text

No bill text available