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MN SF4163
Bill
Status
Introduced
3/9/2020
Primary Sponsor
Roger Chamberlain
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AI Summary
- Amends Minnesota Statutes 2018, section 477A.014 by adding subdivision 6 regarding aid corrections after levy certification
- Requires cities or counties that receive additional aid payments after certifying their levy for the same calendar year to receive a one-time reduction in aid during the following calendar year
- The aid reduction amount equals the additional aid received from the previous year's aid recertification and shall not be used in subsequent aid calculations
- No reductions apply to adjustments made before the final day a city or county must set its levy for the calendar year in which the adjustment occurs
- Retained aid reductions remain in the state general fund and are not redistributed to cities or counties; effective for aids payable in calendar year 2020 and thereafter
Legislative Description
Property and local tax state general fund reimbursement for extra payments
Last Action
Referred to Taxes
3/9/2020
Committee Referrals
Taxes3/9/2020
Full Bill Text
No bill text available