MN SF3517

Modifies the refund process for state-assessed property tax overpayments by requiring the commissioner of revenue to issue warrants for payment within 30 days when a judgment involves property values determined by the commissioner.

Establishes a reimbursement mechanism requiring taxing jurisdictions to reimburse the commissioner of revenue for judgment payments in equal annual installments over ten calendar years, with notification required by June 30 and payment due by July 1.

Appropriates an amount sufficient from the general fund to the commissioner of revenue to cover overpayment judgments for state-assessed property.

Applies to judgments entered after May 31, 2016.