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S.F. No. 1011 - Adjusting Distribution Levies for Iron Range Fiscal Disparities Program
 
Author: Senator Tom Saxhaug
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: April 14, 2015



 

Section 1. Apportionment of levy. Requires the auditor to adjust the preliminary areawide portion of the levy by the adjustment percentage if necessary as required under section 2.

Section 2. Areawide tax rate. Prohibits the areawide tax rate from deviating from the previous year’s areawide rate by more than three percentage points. If the areawide rate deviates more than three percentage points, the auditor must determine the percentage increase or reduction to each jurisdiction’s distribution levy necessary so that the rate does fall within the range and recalculate the areawide rate accordingly.

Effective beginning with taxes payable in 2017.

 

ESS/tg

 
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