| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to taxation; property; reducing the state general levy for |
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| 3 | 3 | | 1.3 commercial-industrial property; amending Minnesota Statutes 2024, section |
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| 4 | 4 | | 1.4 275.025, subdivision 1. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. Minnesota Statutes 2024, section 275.025, subdivision 1, is amended to read: |
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| 7 | 7 | | 1.7 Subdivision 1.Levy amount.The state general levy is levied against |
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| 8 | 8 | | 1.8commercial-industrial property and seasonal residential recreational property, as defined |
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| 9 | 9 | | 1.9in this section. The state general levy for commercial-industrial property is $716,990,000 |
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| 10 | 10 | | 1.10$684,990,000 for taxes payable in 2023 2026 and thereafter. The state general levy for |
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| 11 | 11 | | 1.11seasonal-recreational property is $41,690,000 for taxes payable in 2020 and thereafter. The |
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| 12 | 12 | | 1.12tax under this section is not treated as a local tax rate under section 469.177 and is not the |
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| 13 | 13 | | 1.13levy of a governmental unit under chapters 276A and 473F. |
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| 14 | 14 | | 1.14 The commissioner shall increase or decrease the preliminary or final rate for a year as |
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| 15 | 15 | | 1.15necessary to account for errors and tax base changes that affected a preliminary or final rate |
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| 16 | 16 | | 1.16for either of the two preceding years. Adjustments are allowed to the extent that the necessary |
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| 17 | 17 | | 1.17information is available to the commissioner at the time the rates for a year must be certified, |
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| 18 | 18 | | 1.18and for the following reasons: |
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| 19 | 19 | | 1.19 (1) an erroneous report of taxable value by a local official; |
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| 20 | 20 | | 1.20 (2) an erroneous calculation by the commissioner; and |
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| 21 | 21 | | 1Section 1. |
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| 22 | 22 | | REVISOR MS/NS 25-0456403/07/25 |
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| 23 | 23 | | State of Minnesota |
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| 24 | 24 | | This Document can be made available |
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| 25 | 25 | | in alternative formats upon request |
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| 26 | 26 | | HOUSE OF REPRESENTATIVES |
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| 27 | 27 | | H. F. No. 3045 |
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| 28 | 28 | | NINETY-FOURTH SESSION |
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| 29 | 29 | | Authored by Swedzinski, Wiener and Joy04/02/2025 |
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| 30 | 30 | | The bill was read for the first time and referred to the Committee on Taxes 2.1 (3) an increase or decrease in taxable value for commercial-industrial or seasonal |
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| 31 | 31 | | 2.2residential recreational property reported to the commissioner under section 270C.85, |
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| 32 | 32 | | 2.3subdivision 2, clause (4), for the same year. |
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| 33 | 33 | | 2.4The commissioner may, but need not, make adjustments if the total difference in the tax |
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| 34 | 34 | | 2.5levied for the year would be less than $100,000. |
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| 35 | 35 | | 2.6 EFFECTIVE DATE.This section is effective beginning with property taxes payable |
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| 36 | 36 | | 2.7in 2026 and thereafter. |
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| 37 | 37 | | 2Section 1. |
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| 38 | 38 | | REVISOR MS/NS 25-0456403/07/25 |
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