7.0. HRSR 06-24-2002 - Laserfiche WebLink

Home Browse Search

f I F 2002 Law Summaries increase or decrease in costs that a housing development Salvation Army will operate 60 units of transitional would incur as a result of an official control amended or housing on that site.The project on the VA campus in i adopted by a municipality after Aug. 1,2002.The law Minneapolis will have 218 permanent housing units that becomes effective Aug.1,2002.AH/RS will be operated by MAVC.This provision became effective May 23,2002.AH Low-income housing sales tax exemption - Chapter 377 (HF 2498*) the 2002 omnibus tax act, - insurance Article 3,Section 13 expands the sales tax exemption for $° construction materials for low-income housing to include Note:Please see the additional discussion on the workers' projects where ownership is in a participating party or in a compensation Special Compensation Fund (SCF) under partnership of such an entity and a public housing authority. the Budget I & II sections of this document,in particular Under present law,a qualifying owner must be a Chapter 220 (HF 351*/SF 264)Article 13,section 9,and public housing authority,an entity exercising the powers of Chapter 374 (HF3270*)Article 8,section 6. a housing authority,a limited partnership of which the housing authority is the general partner,or a nonprofit Workers' compensation amendments corporation.This bill would permit other types of entities Chapter 262 (HF3348/SF3136*) makes changes to such as a for-profit corporation or other entity to be an Minnesota's workers'compensation statutes,MS 176.129. owner or a partner in a public housing project.This Among the law's provisions is clarification of benefits section clarifies that the sales tax exemption applies to when a parent is presumed to be the guardian of the Holman replacement units in the city of Minneapolis. employee and to whom and how benefits will be paid.The This section also narrows the benefit of the sales tax law makes clear that payments to an estate upon the death • exemption.For projects where less than 100 percent of the of an employee must be made within 14 days of notice to units are"low-income"this sales tax exemption is pro- the insurer of the appointment of a personal representative rated to only those low-income units.The sales tax of the estate.Within 14 days of notice to the insurer of the exemption is administered as a refund rather than an up- death of the employee,the insurer must send notice to the front exemption.Effective for sales and purchases made estate,at the deceased employee's last known address,that • after July 31,2002.For purchases made before July 1, this payment will be made after a personal representative owners of such housing projects must apply to the Dept.of has been appointed by a probate court. Revenue for sales tax refunds.GC/AH The law provides new definitions for"paid indemnity losses"and"standard workers'compensation premium." Sales tax exemption for materials used to construct "Paid indemnity losses"means gross benefits paid for housing in border cities temporary total disability,economic recovery compensa- Chapter 377,Article 3,provides for an exemption from lion,impermanent,partial disability,temporary partial sales tax for gross receipts for construction materials used disability,impairment compensation,permanent total for housing located in border city zones.Effective for sales disability,vocational rehabilitation benefits,or dependency after June 30,2002.AH - benefits,exclusive of medical and supplementary benefits. In the case of policy deductibles,paid indemnity losses Permanent and transitional housing for veterans include all benefits paid,including the amount below and single adults deductible limits."Standard workers'compensation premium" Chapter 393 (HF3618*),the omnibus bonding bill, means the data service organization's designated statistical allocates $16.2 million in the bonding provisions for the reporting pure premium after the application of experi- Minnesota Housing Finance Agency for two projects to ence rating plan adjustments,but prior to the application develop or rehabilitate units for transitional and permanent of premium discounts,policyholder dividends,other housing for veterans and single adults who are homeless or premium adjustments,expense constants,and other deviations at risk of becoming homeless.There is also a listing of this from the designated statistical reporting pure premium. project in the description of the bonding provisions at the Self-insured employers must report payments to funds. beginning of the law summaries.Loans and grants for two MS 176.129 was amended to require that on or before projects are to be used for housing to be located on federal April 1 of each year,all self-insured employers shall report Veterans Administration property in Minneapolis and St. paid indemnity losses and insurers shall report paid Cloud and will include provision of resident support indemnity losses and standard workers'compensation services and collaboration among local and federal units of premium in the form and manner prescribed by the • government as well as community agencies.The Minnesota commissioner.On June 1 of each year,the commissioner Assistance Council for Veterans (MAVC) will administer 60 shall determine the total amount needed to pay all estimated units of permanent housing at the site in St.Cloud.The liabilities,including administrative expenses,of the special June 12, 2002 LS 23