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A bill for an act
relating to education finance; establishing school district seasonal tax base
replacement aid; appropriating money; amending Minnesota Statutes 2024, section
126C.17, by adding a subdivision; Minnesota Statutes 2025 Supplement, section
126C.13, subdivision 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2025 Supplement, section 126C.13, subdivision 4, is amended
to read:
Subd. 4.
General education aid.
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For fiscal year 2015 and later,
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A district's general
education aid equals:
(1) general education revenue, excluding operating capital revenue, equity revenue, local
optional revenue, and transition revenue; plus
(2) operating capital aid under section
126C.10, subdivision 13b
; plus
(3) equity aid under section
126C.10, subdivision 30
; plus
(4) transition aid under section
126C.10, subdivision 33
; plus
(5) shared time aid under section
126C.01, subdivision 7
; plus
(6) referendum aid under section
126C.17, subdivisions 7
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and
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,
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7a
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, and 7c
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; plus
(7) online learning aid under section
124D.096
; plus
(8) local optional aid according to section
126C.10, subdivision 2e
, paragraph (f).
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EFFECTIVE DATE.
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This section is effective for revenue in fiscal year 2027 and later.
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Sec. 2.
Minnesota Statutes 2024, section 126C.17, is amended by adding a subdivision to
read:
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Subd. 7c.
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Seasonal tax base replacement aid.
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(a) For purposes of this subdivision,
"eligible school district" means a school district for which the seasonal tax base adjustment
factor under paragraph (c) is at least equal to 0.15. A school district determined eligible
under this paragraph for aid in fiscal year 2027 or any later fiscal year remains an eligible
school district for aid in any subsequent fiscal year.
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(b) A district's seasonal tax base replacement aid equals the product of (1) the seasonal
tax base adjustment factor, and (2) the district's referendum equalization levy calculated
under subdivision 6, after any adjustment under subdivisions 7a and 7b.
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(c) A district's seasonal tax base adjustment factor equals the lesser of 0.50 or the ratio
of (1) the seasonal market value for the district, to (2) the sum of the referendum market
value and the seasonal market value for the district. For purposes of this paragraph, "seasonal
market value" means the market value of all taxable property classified as class 4c(12) under
section 273.13.
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(d) The amount calculated under paragraph (b) must be used to reduce the district's
referendum levy determined after any adjustment under subdivisions 7a and 7b.
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EFFECTIVE DATE.
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This section is effective for taxes payable in 2026 and later.
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Sec. 3.
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APPROPRIATION; SEASONAL TAX BASE REPLACEMENT AID.
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Subdivision 1.
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Department of Education.
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The sum indicated in this section is
appropriated from the general fund to the Department of Education for the fiscal year
designated.
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Subd. 2.
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Additional general education aid.
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(a) For additional general education aid
under Minnesota Statutes, section 126C.13:
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$
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3,422,000
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.....
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2027
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(b) The 2027 appropriation includes $0 for 2026 and $3,422,000 for 2027.
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