|
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. 2236 - Enhanced debt service equalization for consolidating districts
|
|
Author:
|
Senator Tony Lourey
|
|
Prepared By:
|
Bjorn E. Arneson, Senate Analyst (651/296-3812)
|
|
Date:
|
March 31, 2016
|
|
|
|
|
Section 1. Enhanced debt service equalization. Provides that, for a district that consolidated on or after July 1, 2016, with an approved consolidation plat and plan under section 123A.48 that included building or remodeling school facilities, the district’s debt service equalization revenue is equalized at 300% of the statewide adjusted net tax capacity equalizing factor. (The adjusted net tax capacity equalizing factor equals the quotient derived by dividing the total adjusted net tax capacity of all school districts in the state for the year before the year the levy is certified by the total number of adjusted pupil units in the state for the year prior to the year the levy is certified.) Makes other technical and grammatical corrections.
Effective date: makes this section effective for taxes payable in 2017 and later.
|
|
|
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: 03/31/2016
|
|
If you see any errors on this page, please e-mail us at
webmaster@senate.mn
|