MN SF4077

Eliminates commercial-industrial property from the state general levy effective for taxes payable in 2023 and thereafter, removing the $716,990,000 levy amount on this property class.

Maintains the state general levy on seasonal residential recreational property at $41,690,000 for taxes payable in 2020 and thereafter.

Modifies the apportionment and levy process to apply a uniform rate only to seasonal residential recreational tax capacity, removing the commercial-industrial component.

Repeals subdivisions 5 and 6 of Minnesota Statutes section 275.025, which provided underserved municipalities distribution and natural gas pipeline abatements funded by the general levy.

Authorizes the commissioner of revenue to adjust preliminary and final levy rates to account for prior-year errors and tax base changes, with adjustments required only if the total difference exceeds $100,000.