SF 3639 Summary

• Proposes amendment to Minnesota Constitution Article X, Section 1 to eliminate taxes on real and personal property over an unspecified period and replace them with a progressive tax based on individual income.

• Proposes repeal of Article XI, Section 12 of the Minnesota Constitution, which currently prohibits counties, townships, and municipal corporations from becoming indebted for railroad construction or equipment beyond five percent of taxable property value.

• Proposes amendment to Article XII, Section 1 to eliminate the prohibition on local or special laws exempting property from taxation.

• Requires submission of all three constitutional amendments to voters at a future general election (year to be determined).

• Directs the Commissioner of Revenue to propose implementing legislation for the progressive income tax system if the constitutional amendments are adopted.