Minnesota SF1202 amends school district aid and levy limitations upon return of excess tax increment or decertification of a tax increment district.

Minnesota SF1202 amends the calculation of school district aid and levy limitations when a district returns excess tax increment or decertifies a tax increment district. The bill specifies that if a district returns excess tax increment or decertifies a tax increment district, the district's aid and levy limitations must be adjusted for the fiscal year in which the excess tax increment is paid.

Minnesota SF1202 amends school district aid and levy limitations upon return of excess tax increment or decertification of a tax increment district.

Minnesota SF1202 amends the calculation of school district aid and levy limitations when a district returns excess tax increment or decertifies a tax increment district. The bill specifies that if a district returns excess tax increment or decertifies a tax increment district, the district's aid and levy limitations must be adjusted for the fiscal year in which the excess tax increment is paid.