Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Alexis C. Stangl
Director
   Senate   
State of Minnesota
 
 
 
 
 
S.F. No. 387 - Providing Inflation Adjustments for PILT
 
Author: Senator Tom Saxhaug
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: February 19, 2013



 

S.F. 387 provides an inflation adjustment to payments in lieu of taxes (PILT).

Section 1 reinstates an inflation adjustment for flat per acre payments on land eligible for PILT payments. Effective retroactively for aids payable in calendar year 2012 and thereafter.

Section 2 requires that in calendar years 2012 and thereafter, aid amounts shall be increased to an amount equal to the amount before the inflation adjustment multiplied by one plus the percentage increase in the implicit price deflator for state and local government purchases since the first quarter of 2011 to the third quarter of the year prior to when the aid is paid. Effective retroactively for aid payable in calendar years 2012 and thereafter.

Section 3 reinstates the inflation adjustment for flat per acre distributions for payments between counties and townships where land eligible for PILT is located. Effective retroactively for aid payable in calendar years 2012 and thereafter.

Section 4 requires that any additional calendar year 2012 payment owed to counties and townships as a result of the retroactive inflation adjustment will be paid with the calendar year 2013 payments.

 

ESS/tg

 
Check on the status of this bill
 
Back to Senate Counsel and Research Bill Summaries page
 

 
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
 
Last review or update: 02/19/2013
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn