Download HF0371

February 25, 2015
MINERALS TAX
School districts authorized to receive
distributions from the taconite
production tax
Yes
DOR Administrative
Cost/Savings
Department of Revenue
Analysis of H.F. 0371 (Anzelc) / S.F. 0671 (Saxhaug) as introduced
Fund Impact
FY2016
FY2017
FY2018
(000's)
General Fund
$0
$0
$0
No
X
FY2019
$0
Effective for distributions in 2016 and thereafter.
EXPLANATION OF THE BILL
The bill would make the Deer River and Floodwood school districts eligible to receive production tax
distributions from the 24.72 cent and taconite referendum school funds.
REVENUE ANALYSIS DETAIL




There are currently 15 school districts receiving production tax distributions from the 24.72
cent fund.
Under the proposal, making two additional school districts eligible would shift production tax
revenue distribution away from school districts currently receiving a distribution.
The two newly eligible districts would also qualify to receive a distribution from the taconite
referendum fund. Increasing distributions from this fund would reduce distributions to the
Taconite Environmental Fund and the Douglas J. Johnson Economic Fund.
The proposed changes to the local distribution of taconite production taxes is assumed to have
no impact on the state general fund.
Source: Minnesota Department of Revenue
Property Tax Division - Research Unit
www.revenue.state.mn.us/research_stats/
pages/revenue-analyses.aspx
hf0371(sf0671)_pt_1/nrg
1 | Department of Revenue | Analysis of H.F. 0371 (Anzelc) / S.F. 0671 (Saxhaug) as introduced