S.F. 1268 repeals the Iron Range Fiscal Disparities program (the program) and corrects cross-references to the program in various other statutes.
Section 1 [Library; Limitation] removes reference for purposes of defining ‘revenue need’ for public library support.
Section 2 [County Auditor; Final Report] removes reference to the program’s areawide net tax capacity contribution values as required in a county assessor’s final report.
Section 3 [Determination of Levy Limit] removes reference to valuation adjustment for fiscal disparities contribution relating to determination of levy limit.
Section 4 [State General Levy; Amount] removes reference clarifying that the state general levy is not a levy of a governmental unit under the program.
Section 5 [State General Levy; C-I Property] removes reference clarifying that county C-I tax capacity amounts are not adjusted for contributions or distributions under the program.
Section 6 [TNT Notices] removes reference requiring tax levy for parcels subject to fiscal disparities program be separately stated on the TNT notice.
Section 7 [County Refund; Mistake] removes reference to the program for purposes of defining ‘mathematical error’ for county tax refunds.
Section 8 [Special Service Districts; Collection of Charges] removes reference clarifying that service charges based on net tax capacity for special service districts are not included in computations under the program.
Section 9 [Combined Services; Contents of Plan] removes reference requiring fiscal disparities program be analyzed for property tax revenue implications for purposes of a county, city or town merger.
Section 10 [TIF; Annual Financial Reporting] removes reference to the program under tax increment financing reporting requirements.
Section 11 [TIF; Relationship to Fiscal Disparities] removes reference to the program under statute requiring election by governing body of fiscal disparities treatment.
Section 12 [Abatements] removes reference to a political subdivision’s authorization to abate tax attributable to the areawide tax base under the program.
Section 13 [City Net Tax Capacity] removes reference to the program for purposes of defining a city’s ‘next tax capacity.’
Section 14 [Revenue Base] removes reference to the program for purposes of defining a city’s ‘revenue base.’
Section 15 [Commercial Industrial Percentage] removes reference to the program for purposes of defining a city’s ‘commercial industrial percentage.’
Section 16 [Tax Effort Rate] removes reference to the program for purposes of defining ‘tax effort rate.’
Section 17 [Repealer] repeals the Iron Range Fiscal Disparities Program.
Effective for taxes payable in 2014 and thereafter.
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