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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 2231 - Equalized debt service levy modification
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Author:
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Senator Kevin Dahle
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Prepared By:
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Bjorn E. Arneson, Senate Analyst (651/296-3812)
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Date:
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March 31, 2016
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Section 1. Equalized debt service levy. Modifies the calculation of equalized debt service levies. Provides that the equalizing factors for first and second tier equalized debt services levies annually adjust for changes in the total statewide adjusted net tax capacity per pupil unit.
Effective date: makes this section effective for taxes payable in 2017 and later.
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Last review or update: 03/31/2016
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