5.1. SR 09-08-2008 - Laserfiche WebLink

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Chapter 366 - Revisor of Statutes Sec. 12. Minnesota Statutes 2006, section 469.177, is amended by adding a subdivision to read: Subd. 13. Correction of errors. (a) If the county auditor, as a result of an error or mistake, decertifies a district fails to certify a district incorrectly certifies a district or otherwise fails to correctly compute the amount of increment the county auditor may undertake one or more of the following actions to correct the error or mistake: (1) certify the original tax capacity of the affected Qarcels at the appropriate value for a later taxes pavable year and extend the duration of the district in whole or in part, to co=gnate: (2) recertify the affected parcels and extend duration of the district in whole or in part to com ensate; (3) recertify or correct the original tax capacity rate for the district (4) adjust the tax rates of one or more of the taxing districts imposing taxes in the tax increment financing districts for one or more years to recoup amounts advanced by the county or other entitxto the authority to replace the reduced increments,• or (5) take other appropriate action so that the amount of increment compensates for or offsets the error or mistake and correctly reflects application of the law. (b) At least 30 days before exercisingauthority uthoriunder this subdivision the county auditor must notify the authority and the mupicipality in writing of the intent to do so including supporting information to describe reason for the proposed action The authority and municipality may waive the time requirement of this parag_raph If the city or the authority objects before expiration of the 30-dU period the matter must be submitted to the commissioner of revenue for a decision or resolution of the dispute The commissioner of revenue shall consult with the Office of the State Auditor before making a decision. (c) The county auditor must notify the commissioner of revenue and the Office of the State Auditor of corrections made under this subdivision. The notification must be made in the form and manner and at the time prescribed by the commissioner. The commissioner shall incorporate the corrections in the tax increment financing district tax list supplement as appropriate. EFFECTIVE DATE.This section is effective the day following final enactment and applies to all tax increment financing districts. regardless of when the request for certification was made or when the error occurred. Page https://www.revisor.leg.state.=.us/laws/?id=366&year=2008&type=0 6/=