Minnesota § 272.0212 - BORDER DEVELOPMENT ZONE PROPERTY
Full text of Minnesota Minnesota Statutes § 272.0212 — BORDER DEVELOPMENT ZONE PROPERTY, with citation guidance and answers to common questions.
§ 272.0212. BORDER DEVELOPMENT ZONE PROPERTY
Subdivision 1.Exemption.
All qualified property in a zone is exempt to the extent and for a period up to the duration provided by the zone designation and under sections 469.1731 to 469.1735.
Subd. 2.Limits on exemption.
(a) Property in a zone is not exempt under this section from the following:
(1) special assessments;
(2) ad valorem property taxes specifically levied for the payment of principal and interest on debt obligations; and
(3) all taxes levied by a school district, except school referendum levies as defined in section 126C.17.
(b) The city may limit the property tax exemption to a shorter period than the duration of the zone or to a percentage of the property taxes payable or both.
Subd. 3.State aid.
Property exempt under this section is included in the net tax capacity for purposes of computing aids under chapter 477A.
Subd. 4.Definitions.
(a) For purposes of this section, the following terms have the meanings given.
(b) "Qualified property" means class 1, 3, 4, and 5 property as defined in section 273.13 that is located in a zone and is newly constructed after the zone was designated, including the land that contains the improvements.
(c) "Zone" means a border city development zone designated under the provisions of section 469.1731.
Subd. 5.Finding required.
The exemption under this section is available to a parcel only if the municipality determines that the granting of the tax exemption is necessary to enable a business to expand within a zone or to attract a business to a zone.
History:
1998 c 389 art 12 s 1; 2002 c 377 art 7 s 1; 2004 c 228 art 3 s 4; 2005 c 152 art 2 s 3,4
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 272.0212
What does Minnesota Statutes § 272.0212 cover?
Section 272.0212 ("BORDER DEVELOPMENT ZONE PROPERTY") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 272.0212?
A common citation format is "Minnesota Statutes § 272.0212" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 272.0212 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.