Capitol Complex county host program aid establishment and appropriation

A bill for an act

relating to taxation; local government aids; establishing Capitol complex county

host program aid; appropriating money; proposing coding for new law in Minnesota

Statutes, chapter 477A.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

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[477A.41] CAPITOL COMPLEX COUNTY HOST PROGRAM.

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Beginning with aids payable in 2027, the commissioner of revenue shall pay to Ramsey

County $5 per square foot of state-owned buildings located in the Capitol Area described

in section 15B.02, paragraph (b). The purpose of the aid is to compensate Ramsey County

for the loss of tax base and disproportionate impact of state ownership of buildings located

in the Capitol Area. Aid payments under this section must be used to reduce current year

property taxes levied on net tax capacity within the county. An amount sufficient to pay the

aid under this section is annually appropriated from the general fund to the commissioner

of revenue. The commissioner shall pay the aid annually at the times provided in section

477A.015.

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EFFECTIVE DATE.

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This section is effective for aids payable in calendar year 2027

and thereafter.

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