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

2025-2026 Regular Session Introduced by Rob Kupec and 1 co-sponsor

The bill clarifies how school district lease levy revenues qualify for the school building bond program and any linked agricultural tax credits or authorizations.

Referred to Taxes

#agricultureandagriculturedepartment #educationandeducationdepartment #taxation

Purpose and intent

SF 4670 appears to modify eligibility and authorization criteria related to school district lease levy amounts in the context of school building bond programs and agricultural credit provisions. The bill’s title suggests a linkage or interaction between lease levy amounts and eligibility for credits or authorizations tied to school building bonds, with a potential emphasis on agricultural credit authorization. The exact policy intent is to clarify how lease levy funding interacts with bond-related programs and any agricultural credit provisions.

Key provisions and changes (proposed)

Establishes or clarifies criteria for when school district lease levy amounts are eligible under the school building bond program.

Addresses how lease levy revenue can be used in relation to bond authorization or credits, possibly guiding eligibility for an agricultural credit component connected to school building bonds.

May impose limitations or reporting requirements on school districts regarding lease levy amounts used toward bond-related purposes.

Could set thresholds, timelines, or administrative processes for determining eligibility and for securing any associated credits or authorizations.

Note: The bill text would provide the exact mechanics, including definitions, eligibility tests, and any numeric thresholds (dollar amounts, percentages, or dates). The summary above reflects the probable areas of reform based on the title; the precise terms should be reviewed in the statutory language.

Who would be affected

Minnesota school districts that utilize lease levies as part of funding for school building projects.

District financial administrators responsible for compliance with bond authorization provisions and any agricultural credit interaction.

State fiscal or tax authorities responsible for administering the eligibility criteria and potential credits related to school bonds.

Procedural and timeline aspects

Status: Introduced and referred to the Committee on Taxes (as of 2026-03-23).

Next steps typically include committee hearings, potential amendments, and floor votes in the Minnesota Legislature.

If enacted, the provisions would take effect on a specified effective date, which would be stated in the bill text (not provided here).

Additional context

Co-sponsors: Rob Kupec and Bill Weber.

The bill’s classification under taxes suggests that the changes may have tax or revenue implications, particularly affecting school district financing or related credits.

Remarks

To provide a precise and actionable summary, the full bill text is needed. The above captures the likely scope based on the title and introductory action. If you can share the exact language or any fiscal notes, I can refine the summary with exact provisions, definitions, eligibility criteria, and affected thresholds.

Bill