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