Establishes seasonal tax base replacement aid for school districts in Minnesota, effective for fiscal year 2027 and later.

The bill establishes seasonal tax base replacement aid for school districts in Minnesota, effective for fiscal year 2027 and later. It amends the state statutes to include a seasonal tax base adjustment factor, which is the lesser of 0.50 or the ratio of the seasonal market value to the sum of the referendum market value and the seasonal market value. The seasonal tax base replacement aid is calculated as the product of the seasonal tax base adjustment factor and the district's referendum equalization levy.

Establishes seasonal tax base replacement aid for school districts in Minnesota, effective for fiscal year 2027 and later.

The bill establishes seasonal tax base replacement aid for school districts in Minnesota, effective for fiscal year 2027 and later. It amends the state statutes to include a seasonal tax base adjustment factor, which is the lesser of 0.50 or the ratio of the seasonal market value to the sum of the referendum market value and the seasonal market value. The seasonal tax base replacement aid is calculated as the product of the seasonal tax base adjustment factor and the district's referendum equalization levy.