CCP 08-31-1992 - Laserfiche WebLink

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,- Penalty tor- Violation ot TI11th in Taxation 1. A penalty is to be imposed if a city serious7aviolates the Truth in Taxation Law. Exam~les of serious violations are as follows: (a) allure to p,ublish a notice prior to the pu lie . hearing. (b) failure to hold a public bearing, (c) flUlure to allow the public to speak at the hea~ and ~) failure to complete and submit a Truth in Taxation compliance form (Fonn to t e Department of Revenue. The penalty for a serious viOlation of the Truth in Taxation Law for payable 1993 is to reduce the ci~'s property tax levy for the taxes pa)tble year 1993 to the amount of its final certified evy for the taxes payable year 1992. the penalty is imposed, the county auditor must use the city's payable 1992 final certified r'ilerty tax 1 err when determin- ing the city's payable 1993 tax rates under M.S, 275.08. f e City'S fina certified levy for the taxes payable year 1993 is egual to or less than its final certified levy for the taxes payable year 1992, no penalty is Imposed, 2. If a city inadvertently commits a significant error somewhere in the Truth in Taxation process, it is often possible to either repeat some of the steps of the G,rocess or to take some remedial action to avoid the penalty. The Department of evenue must be contacted immediately if this situation arises, ~ tlf pages . &, t r.: I ~ \ '1 . . , , '., .. . -6- - ..