Minnesota HF4251 establishes a Capitol complex county host program aid to compensate Ramsey County for the loss of tax base due to state-owned.

Minnesota HF4251 establishes a Capitol complex county host program aid, compensating Ramsey County for the loss of tax base and disproportionate impact of state-owned buildings in the Capitol Area. Beginning in 2027, the commissioner of revenue will pay $5 per square foot of state-owned buildings to Ramsey County. This aid must be used to reduce current year property taxes levied on net tax capacity within the county. The payments are funded through annual appropriations from the general fund.

Minnesota HF4251 establishes a Capitol complex county host program aid to compensate Ramsey County for the loss of tax base due to state-owned.

Minnesota HF4251 establishes a Capitol complex county host program aid, compensating Ramsey County for the loss of tax base and disproportionate impact of state-owned buildings in the Capitol Area. Beginning in 2027, the commissioner of revenue will pay $5 per square foot of state-owned buildings to Ramsey County. This aid must be used to reduce current year property taxes levied on net tax capacity within the county. The payments are funded through annual appropriations from the general fund.