1.1.................... moves to amend H.F. No. 2972 as follows:
1.2Page 14, before line 1, insert:

1.3    "Sec. 9. Minnesota Statutes 2008, section 278.08, is amended to read:
1.4278.08 INTEREST.
1.5    Subdivision 1. Interest; penalty. In the case of real or personal property, the
1.6judgment must include the following interest:
1.7(1) if the tax is sustained in full, interest on the unpaid part of the tax computed
1.8under section 279.03, subdivision 1, at the rate provided in section 549.09;
1.9(2) if the tax is increased, interest on the unpaid part of the tax as originally assessed
1.10computed under section 279.03, subdivision 1, at the rate provided in section 549.09;
1.11(3) if the tax is reduced, interest on the difference between the tax as recomputed
1.12and the amount previously paid computed under section 279.03, subdivision 1, at the
1.13rate provided in section 549.09.
1.14If the tax is sustained or increased, penalty on the unpaid part of the tax as originally
1.15assessed computed under section 279.01 must be included in the judgment. For purposes
1.16of this subdivision, the interest rate must be computed under section 549.09, subdivision
1.171, paragraph (c), clause (1), regardless of the amount of the judgment.
1.18    Subd. 2. Refund. (a) In the case of real or personal property, if the petitioner has
1.19overpaid the tax determined or stipulated to be due, the county auditor shall compute
1.20interest on the overpayment from the date of the filing of the petition for review or from
1.21the date of payment of the tax, whichever is later, until the date of issuance of the refund
1.22warrant. Interest shall be calculated on the overpayment under section 279.03, subdivision
1.231 , at the rate provided in section 549.09 for the year the tax became or remained overpaid.
1.24For the purposes of computing interest due under this subdivision, an overpayment
1.25occurs on the date when the cumulative total of the payments made by the taxpayer for
1.26the payable year exceed the final total tax amount determined for that payable year. In
2.1determining whether an overpayment has occurred, taxpayer payments are allocated first
2.2to any penalty imposed due to late payment of installments, then to the tax due.
2.3(b) For purposes of this subdivision, the interest rate must be computed under
2.4section 549.09, subdivision 1, paragraph (c), clause (1), regardless of the amount of the
2.5overpayment.
2.6EFFECTIVE DATE.This section is effective for judgments and awards entered
2.7beginning the day following final enactment."
2.8Renumber the sections in sequence and correct the internal references
2.9Amend the title accordingly