Minnesota HF3327 makes class 4d(1) low-income rental property aid permanent and appropriates funds.

Minnesota HF3327 makes class 4d(1) low-income rental property aid permanent. The aid amount is calculated based on the city's tax rate for taxes payable in 2024 and the modified tax capacity for the city. The commissioner of revenue must certify the aid amount before August 1 of the year preceding the aid distribution year and pay the aid in two installments. An amount sufficient to pay low-income rental property aid is annually appropriated from the general fund to the commissioner of revenue. This section is effective for aids payable in 2027 and thereafter.

Minnesota HF3327 makes class 4d(1) low-income rental property aid permanent and appropriates funds.

Minnesota HF3327 makes class 4d(1) low-income rental property aid permanent. The aid amount is calculated based on the city's tax rate for taxes payable in 2024 and the modified tax capacity for the city. The commissioner of revenue must certify the aid amount before August 1 of the year preceding the aid distribution year and pay the aid in two installments. An amount sufficient to pay low-income rental property aid is annually appropriated from the general fund to the commissioner of revenue. This section is effective for aids payable in 2027 and thereafter.