§ 275.02 — State Levy for Bonded Debt; Certification of Tax Rate
Plain-Language Summary
This section authorizes a state-level property tax to pay off state bonded debt, as required by the Minnesota Constitution. The state auditor sets the tax rate and notifies county auditors each year by November 1.
275.02 STATE LEVY FOR BONDED DEBT; CERTIFICATION OF TAX RATE.
A state tax for bonded debt pursuant to the Minnesota Constitution, article XI, shall be levied on the tax capacity of all taxable property in the state. The rate of the tax shall be certified by the state auditor to each county auditor on or before November 1 annually. The tax under this section is not treated as a local tax rate under section 469.177.
History:
(2056) RL s 867; 1935 c 282; Ex1959 c 70 art 2 s 1; 1965 c 45 s 49; 1984 c 593 s 33; 1Sp2001 c 5 art 3 s 45
History: History: (2056) RL s 867; 1935 c 282; Ex1959 c 70 art 2 s 1; 1965 c 45 s 49; 1984 c 593 s 33; 1Sp2001 c 5 art 3 s 45