Chapter 473F — Charles R. Weaver Metropolitan Revenue Distribution Act

473F.001 Citation This chapter is officially called the 'Charles R. Weaver Metropolitan Revenue Distribution Act.' It sets up the tax base …

473F.01 Purpose; Use of Proceeds This section explains why the metro area tax base sharing program exists. It aims to share growth resources fairly among …

473F.02 Definitions This section defines key terms used in the fiscal disparities law. It explains what commercial-industrial property is, …

473F.03 Administrative Auditor This section says the Ramsey County administrative auditor serves as the administrative auditor for the fiscal …

473F.04 This section requires each municipality to contribute 40% of the growth in its commercial-industrial property tax base …

473F.05 Net Tax Capacity This section explains how the shared tax base is distributed back to municipalities. Each city receives a share based on …

473F.06 Increase in Net Tax Capacity This section explains how the shared tax base is spread among all the taxing jurisdictions (counties, cities, school …

473F.07 Computation of Areawide Tax Base This section sets the rules for how county auditors adjust property tax levies to account for the fiscal disparities …

473F.08 Net Tax Capacity This section covers the levy and distribution of the areawide tax. It explains how the administrative auditor certifies …

473F.09 Adjustments in Dates This section requires the administrative auditor to review the fiscal disparities calculations every three years and …

473F.10 Reassessments and Omitted Property This section allows municipalities to challenge the fiscal disparities calculations. A municipality can petition the …

473F.11 Late Levies This section sets rules for how the program handles property that changes between commercial-industrial and residential …

473F.12 This section says that if a court finds any part of the fiscal disparities law unconstitutional, the rest of the law …

473F.13 Change in Status of Municipality This section gives the commissioner of revenue the power to make rules needed to carry out the fiscal disparities …