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S.F. No. 1323 - Local Optional Levy Equalization for Certain Districts with Seasonal Recreational Property
 
Author: Senator Tom Saxhaug
 
Prepared By: Bjorn E. Arneson, Senate Analyst (651/296-3812)
 
Date: March 11, 2015



 

Section 1. Local optional revenue. Modifies the calculation of the local optional levy.  Increases the district-specific local optional equalization factor for districts in which the market value of seasonal recreational property exceeds 30 percent of the total market value in the district.

Section 1 is effective for taxes payable in 2016 and later.

 
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