Loading chat...

MN HF2929

Bill

Official Source

Status

Introduced

2/1/2022

Primary Sponsor

Paul Marquart

Click for details

Origin

House of Representatives

92nd Legislature 2021-2022

AI Summary

  • Increases the school building bond agricultural credit percent for property taxes payable in 2023 and thereafter from 70 percent to 100 percent
  • Amends Minnesota Statutes 2020, section 273.1387, subdivision 2, which defines the credit calculation method based on eligible net tax capacity and school debt tax rate
  • Maintains existing credit percentages for prior years: 40 percent (pre-2020), 50 percent (2020), 55 percent (2021), and 60 percent (2022)
  • Effective beginning with property taxes payable in 2023 and thereafter
  • Authored by Representative Marquart and referred to the Committee on Taxes

Legislative Description

School building bond agricultural tax credit amount increased.

Last Action

Author added Davids

2/10/2022

Committee Referrals

Property Tax2/2/2022
Taxes2/1/2022

Full Bill Text

No bill text available