|
fS
<br /> Techls. 1 o Ce,ctuarteP, 0 ' '
<br /> Cb- 1, Art. 4 LAWS of MINNESOTA 62
<br /> 1989 FIRST SPECIAL SESSION
<br /> t Ifs.
<br /> ..ndet R..hdivisiort i, The aid unde[this section is limited to 15 creel-it of the
<br /> total local government aid the city received in 1989. The afa under t s____n
<br /> cannot be less than zero- For the purposes of this subdivision levy" includes a
<br /> city' 1_yv on fiscal disparities distribution under section 473F,08,subdivision 3,u
<br /> . I i''s paragraph al
<br /> Sec. 12. Minnesota Statutes 1988,section 477A.013,is amended by adding
<br /> { a subdivision to read:
<br /> Subd. 6. AID ADJUSTMENT. For calendar year 1990, there shall be an
<br /> amount a dal to 3.4 percent of the town's or city's adjusted net ,tam capacity
<br /> computed usin the net class rates for taxes payable in 1990 and lequalized
<br /> market values as defined in section 273.1398, subtracted from the aid amounts
<br /> computed under subdivision 1, in the case of towns and under subdivisions 3
<br /> •
<br /> and 5 in the case of cities. For cities the subtraction will be made first from the
<br /> aid computed under subdivision 3. If the subtraction amount under 14ia section .
<br /> ' is Areate_ than ttLe aid amount computed under stihdivisiott 3 iht'jrernainin
<br /> amount will be subtracted from the aid computed under subdivision 5. The
<br /> resulting amounts shall be the town's local government aid or the it 's local
<br /> government aid and equalization aid for calendar year 1990. The 1 al govern-,
<br /> ment aid and equalization aid amount for s_y city or town cannot,bye less than
<br /> zero. lithe subtraction amount under this section is greater than the amount for
<br /> any town or Ellx commuted under subdivisions l 3,and.2,,the remai amount
<br /> shall be subtracted from the town's or city's homestead and a�ricui1ural credit ,,'.
<br /> • aid under section 273.1398. subdivision 2. ;1 ..: '
<br /> For purposes of this subdivision. ;`adiusted net tax canacitv";me.1ns the ,, .
<br /> eity's total net tax capacity using the net class rates for taxes pavalile in 199° ,;,
<br /> and eoualized market values as defined in section 273.1398. as adjui;ted for the
<br /> '1. �t��'�t3yy is
<br /> contributions and distributions,reauired chapter 473F in the east off a tit or ,,,gl.�}.,:
<br /> I 1 town located within the metropolitan area and less the captured value to Ea tax t:,':',4;
<br /> increment district. _ ,?.
<br /> An increase in a city s property tax 1 for taxes payable in 19910 attributa- ; I,
<br /> :.:.1
<br /> t`
<br /> b1e to the amount deducted from the ciy's aids under this subdivisi ';'`
<br /> Ojlt is exempt ;� :�.;.
<br /> . from the eity's per capita len limit under section 275.11 and from the pitY's
<br /> •
<br /> ' percentage of market value levy limit under section 412.251 or 426.04, r,S.
<br /> Sec. 13. Minnesota Statutes 1988, section 477A.014, subdivision I, is 5. *i
<br /> ' amended to read: : �:.
<br /> Subdivision 1. CALCULATIONS AND PAYMENTS. The commissioner
<br /> of revenue shall make all necessary calculations and make payments pursuant to
<br /> sections 477A.012,477A,013 and 477A.03 directly to the affected taxing author-
<br /> i.
<br /> ities annually. In addition, the commissioner shall notify the authotfities of their
<br /> aid amounts, as well as the computational factors used in making the calcula-
<br /> tions for their authority, and those statewide total figures that are pertinent,
<br /> before August 15 of the year preceding the aid distribution year,eaicent that for
<br /> New language is indicated by underline, deletions by strikeout. ` ,..
<br /> j s I
<br /> 90 'd 9T:bT OOOZ OZ daS 60Z0-96Z-TS9:xpd
<br /> Mil_ Jll2l3d0eld
<br />
|