1.1 A bill for an act
1.2 relating to taxation; property; modifying contents of proposed property tax notice
1.3 and tax statements to remove fiscal disparities adjustment amounts; repealing
1.4 Minnesota Statutes 2024, sections 275.065, subdivision 3c; 276.04, subdivision
1.5 2a.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. REPEALER.
1.8 Minnesota Statutes 2024, sections 275.065, subdivision 3c; and 276.04, subdivision 2a,
1.9are repealed.
1.10 EFFECTIVE DATE.This section is effective beginning with property taxes payable
1.11in 2026.
1Section 1.
25-01751 as introduced01/06/25 REVISOR MS/HL
SENATE
STATE OF MINNESOTA
S.F. No. 561NINETY-FOURTH SESSION
(SENATE AUTHORS: HAUSCHILD)
OFFICIAL STATUSD-PGDATE
Introduction and first reading01/23/2025
Referred to Taxes 275.065 PROPOSED PROPERTY TAXES; NOTICE.
Subd. 3c.Notice of proposed taxes; property subject to chapter 276A.In the case of property
subject to the areawide tax under section 276A.06, subdivision 7, for both the current year taxes
and the proposed tax amounts, the net tax capacity portion of the taxes shown for each taxing
jurisdiction must be based on the property's total net tax capacity multiplied by the jurisdiction's
actual or proposed net tax capacity tax rate. In addition to the tax amounts shown for each jurisdiction,
the statement must include a line showing the "fiscal disparities adjustment" equal to the total gross
tax payable minus the sum of the tax amounts shown for the individual taxing jurisdictions. The
fiscal disparities adjustment may be a negative number. If the fiscal disparities adjustment for either
the current year taxes or the proposed tax amount is a negative number, the percentage change must
not be shown. In all other respects the statement must fulfill the requirements of subdivision 3.
276.04 NOTICE OF RATES; PROPERTY TAX STATEMENTS.
Subd. 2a.Contents of tax statements; property subject to chapter 276A.In the case of
property subject to the areawide tax under section 276A.06, subdivision 7, for both the current year
taxes and the previous year tax amounts, the net tax capacity portion of the tax shown for each
taxing jurisdiction must be based on the property's total net tax capacity multiplied by the
jurisdiction's net tax capacity tax rate. In addition to the tax amounts shown for each jurisdiction,
the statement must include a line showing the "fiscal disparities adjustment" equal to the total gross
tax payable minus the sum of the tax amounts shown for the individual taxing jurisdictions for each
year. The fiscal disparities adjustment may be a negative number. In all other respects the statement
must fulfill the requirements of subdivision 2.
1R
APPENDIX
Repealed Minnesota Statutes: 25-01751