MN SF12

Increases second tier referendum equalization allowance cap from $760 to $1,000 per adjusted pupil unit for school districts.

Increases second tier referendum equalization levy threshold from $510,000 to $650,000 in referendum market value per resident pupil unit.

Expands third tier referendum equalization allowance for districts qualifying for secondary or elementary sparsity revenue to equal full referendum allowance minus first and second tier allowances (removes 25 percent formula cap for these districts).

Changes apply to taxes payable in 2018 and later.