MN SF1962

Allows taxpayers of class 3a commercial properties that ceased operations during 2020 due to COVID-19 executive orders to apply for deferral of net property taxes for taxes payable in 2024 and 2025 only

Requires applications for 2024 taxes by January 15, 2024, and for 2025 taxes by December 1, 2024, submitted to the commissioner of revenue with parcel identification, owner information, and other requested details

Commissioner pays deferred taxes to county treasurers on standard tax payment dates, which then collect and distribute the taxes according to standard law

Deferred taxes are treated as property liens and collected as special assessments under chapter 429, with 2024 deferrals beginning repayment in 2034 and 2025 deferrals beginning repayment in 2035

Appropriates necessary funds from the general fund to the commissioner of revenue to make deferral payments; effective beginning with taxes payable in 2024