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MN SF3218
Bill
Status
Introduced
4/2/2025
Primary Sponsor
John Jasinski
Click for details
AI Summary
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Reduces the state general levy on commercial-industrial property from $716,990,000 to $684,990,000, a decrease of $32 million annually
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Applies to property taxes payable in 2026 and thereafter
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Maintains the existing state general levy for seasonal-recreational property at $41,690,000 (unchanged from 2020 levels)
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Amends Minnesota Statutes 2024, section 275.025, subdivision 1
Legislative Description
Commercial-industrial property state general levy reduction provision
Last Action
Referred to Taxes
4/2/2025
Committee Referrals
Taxes4/2/2025
Full Bill Text
No bill text available