1.1.................... moves to amend H.F. No. 12, the delete everything amendment
1.2(H0012DE2), as follows:
1.3Page 1, after line 2, insert:

1.4    "Section 1. Minnesota Statutes 2010, section 273.111, subdivision 9, is amended to
1.5read:
1.6    Subd. 9. Additional taxes. (a) Except as provided in paragraph (b), when real
1.7property which is being, or has been valued and assessed under this section no longer
1.8qualifies under subdivision 3, the portion no longer qualifying shall be subject to additional
1.9taxes, in the amount equal to the difference between the taxes determined in accordance
1.10with subdivision 4, and the amount determined under subdivision 5. Provided, however,
1.11that the amount determined under subdivision 5 shall not be greater than it would have
1.12been had the actual bona fide sale price of the real property at an arm's-length transaction
1.13been used in lieu of the market value determined under subdivision 5. Such additional
1.14taxes shall be extended against the property on the tax list for the current year, provided,
1.15however, that no interest or penalties shall be levied on such additional taxes if timely
1.16paid, and provided further, that such additional taxes shall only be levied with respect to
1.17(1) the last three years that the said property has been valued and assessed under this
1.18section, for property originally enrolled on or before May 1, 2012, or (2) the last five
1.19years that the said property has been valued and assessed under this section, for property
1.20originally enrolled after May 1, 2012.
1.21(b) Real property that has been valued and assessed under this section prior to
1.22May 29, 2008, and that ceases to qualify under this section after May 28, 2008, and is
1.23withdrawn from the program before August 16, 2010, is not subject to additional taxes
1.24under this subdivision or subdivision 3, paragraph (c). If additional taxes have been
1.25paid under this subdivision with respect to property described in this paragraph prior to
1.26April 3, 2009, the county must repay the property owner in the manner prescribed by the
1.27commissioner of revenue.
2.1EFFECTIVE DATE.This section is effective the day following final enactment."
2.2Page 3, line 1, after "plus" insert "(1)"
2.3Page 3, line 2, before the period, insert ", for property that had been enrolled under
2.4section 273.111 or under this section on or before May 1, 2012, or (2) four prior years that
2.5the property had been valued and assessed under this section, for all other property"
2.6Renumber the sections in sequence and correct the internal references
2.7Amend the title accordingly