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MN HF1396
MN HF1396Equalization aid increased for debt service equalization program, property tax levies decreased, and money appropriated.
summary
Introduced
02/06/2023
02/06/2023
In Committee
02/27/2023
02/27/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to education finance; increasing equalization aid for the debt service equalization program; decreasing property tax levies; appropriating money; amending Minnesota Statutes 2022, section 123B.53, subdivisions 4, 5, 6.
AI Summary
This bill increases equalization aid for the debt service equalization program, decreases property tax levies, and appropriates money. Specifically, the bill amends Minnesota Statutes to change the calculation of the first tier and second tier debt service equalization revenue, equalized debt service levy, and debt service equalization aid. The changes are effective for revenue in fiscal year 2025 and later, and the bill appropriates money from the general fund to the Department of Education for the additional debt service equalization aid required under the act.
Committee Categories
Budget and Finance
Sponsors (18)
Amanda Hemmingsen-Jaeger (D)*,
Jeff Brand (D),
Ethan Cha (D),
Kim Hicks (D),
Shane Hudella (R),
Walter Hudson (R),
John Huot (D),
Heather Keeler (D),
Jon Koznick (R),
Matt Norris (D),
Tim O'Driscoll (R),
Kristi Pursell (D),
Duane Quam (R),
Brad Tabke (D),
Mark Wiens (R),
Jeff Witte (R),
Dan Wolgamott (D),
Cheryl Youakim (D),
Last Action
Committee report, to adopt and re-refer to Taxes (on 02/27/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1396&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF1396&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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