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MN SF561
Bill
Status
1/23/2025
Primary Sponsor
Grant Hauschild
Click for details
AI Summary
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Repeals Minnesota Statutes sections 275.065, subdivision 3c, and 276.04, subdivision 2a, which require property tax notices and statements to include a separate line item showing the "fiscal disparities adjustment" for properties subject to the metropolitan area fiscal disparities program
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Eliminates the requirement that proposed property tax notices display how fiscal disparities calculations affect individual property tax amounts by jurisdiction
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Removes the mandate for annual tax statements to show the fiscal disparities adjustment as a separate calculation comparing gross tax payable to the sum of individual taxing jurisdiction amounts
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Effective beginning with property taxes payable in 2026
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Authored by Senator Hauschild; introduced January 23, 2025, and referred to the Senate Taxes Committee
Legislative Description
Removal of fiscal disparities adjustment amounts contents of proposed property tax notice and tax statement modifications
Last Action
Referred to Taxes
1/23/2025