Certain school district lease levy amounts eligibility for the school building bond agricultural credit authorization provision

Summary

The bill changes Minnesota law so school districts must identify the portion of their levy that funds debt service, using a defined list of levy types and excluding certain post‑employment benefit repayments. That identified portion can be treated as eligible for the school‑building bond agricultural credit. The change applies to districts with levies and takes effect for taxes due in 2027.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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