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S.F. No. 117 - Limiting Fiscal Disparities Contributions for Certain Municipalities (as proposed to be amended by A-1 amendment)
 
Author: Senator Warren Limmer
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: February 28, 2017



 

S.F. No. 117 limits the fiscal disparities contribution for any municipality that owns and operates a municipal wastewater treatment plant to the lesser of 40 percent of the growth in its commercial-industrial net tax capacity since 1971 or ten percent of the municipality’s net tax capacity.

Effective beginning with property taxes payable in 2018.

 

 
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