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S.F. No. 3580 - Iron Range resources and rehabilitation (with SCS3580A-1 Amendment)
Author: Senator Thomas M. Bakk
Prepared By: Carlon D. Fontaine, Senate Counsel (651/296-4395)
Date: March 26, 2018


Section 1.  Taconite assistance area. Deleted by A-1 amendment.

Section 2.  Taconite economic development fund. Clarifies uses for money deposited in the taconite economic development fund.  Eliminates obsolete language.

Section 3. Taconite economic development fund.  Eliminates language directing a portion of tax on certain taconite and iron sulfides under section 298.24, from deposit in the taconite economic development fund.

Section 4.  2018 Distribution.  Directs transfer of an unspecified cents per ton amount of the excess balance remaining after distribution of amounts required for property tax relief to the Iron Range resources and rehabilitation account.


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