273.1382 Education homestead credit. 

    Subdivision 1.    Education homestead credit.  Each 
 year, beginning with property taxes payable in 1998, the 
 respective county auditors shall determine the initial tax rate 
 for each school district for the general education levy 
 certified under section 124A.23, subdivision 2 or 3.  That rate 
 plus the school district's education homestead credit tax rate 
 adjustment under section 275.08, subdivision 1e, shall be the 
 general education homestead credit local tax rate for the 
 district.  The auditor shall then determine a general education 
 homestead credit for each homestead within the county equal to 
 32 percent of the general education homestead credit local tax 
 rate times the net tax capacity of the homestead for the taxes 
 payable year.  The amount of general education homestead credit 
 for a homestead may not exceed $225.  In the case of an 
 agricultural homestead, only the net tax capacity of the house, 
 garage, and surrounding one acre of land shall be used in 
 determining the property's education homestead credit. 

    Subd. 2.    Credit reimbursements.  (a) The commissioner 
 of revenue shall determine the tax reductions allowed under this 
 section for each taxes payable year, and for each school 
 district based upon a review of the abstracts of tax lists 
 submitted by the county auditors under section 275.29, and from 
 any other information which the commissioner deems relevant.  
 The commissioner of revenue shall generally compute the tax 
 reductions at the unique taxing jurisdiction level, however the 
 commissioner may compute the tax reductions at a higher 
 geographic level if that would have a negligible impact, or if 
 changes in the composition of unique taxing jurisdictions do not 
 permit computation at the unique taxing jurisdiction level.  The 
 commissioner's determinations under this paragraph are not rules.

    (b) The commissioner of revenue shall certify the total of 
 the tax reductions granted under this section for each taxes 
 payable year within each school district to the commissioner of 
 children, families, and learning after July 1 and on or before 
 August 1 of the taxes payable year.  The commissioner of 
 children, families, and learning shall reimburse each affected 
 school district for the amount of the property tax reductions 
 allowed under this section as provided in section 273.1392.  The 
 commissioner of children, families, and learning shall treat the 
 reimbursement payments as entitlements for the same state fiscal 
 year as certified, including with each district's initial 
 payment all amounts that would have been paid up to that date, 
 computed as if 90 percent of the annual reimbursement amount for 
 the district were being paid one-twelfth in each month of the 
 fiscal year.  

    Subd. 3.    Appropriation.  An amount sufficient to make 
 the payments required by this section is annually appropriated 
 from the general fund to the commissioner of children, families, 
 and learning.  

    HIST: 1997 c 231 art 1 s 12; 1997 c 251 s 20; 1Sp1997 c 5 s 45