Bill Text: MN HF338 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Tax increment financing districts or plans establishment and expansion prohibited.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2011-02-09 - Referred by Chair to Property and Local Tax Division [HF338 Detail]
Download: Minnesota-2011-HF338-Introduced.html
1.2relating to tax increment financing; prohibiting establishing new or expanding
1.3existing tax increment financing districts or plans; amending Minnesota Statutes
1.42010, section 469.175, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 469.175, is amended by adding a
1.7subdivision to read:
1.8 Subd. 9. Termination of authority. Notwithstanding sections 469.174 to 469.1794
1.9or any other law to the contrary, an authority must not:
1.10(1) request certification of a new tax increment financing district or the addition of
1.11geographic area to an existing tax increment financing district after June 30, 2011; or
1.12(2) modify an existing tax increment financing plan in a manner that extends the
1.13duration of a district, expands the activities to be financed within the district, or authorizes
1.14the incurring of additional expenses not included in the plan before May 1, 2011.
1.3existing tax increment financing districts or plans; amending Minnesota Statutes
1.42010, section 469.175, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2010, section 469.175, is amended by adding a
1.7subdivision to read:
1.8 Subd. 9. Termination of authority. Notwithstanding sections 469.174 to 469.1794
1.9or any other law to the contrary, an authority must not:
1.10(1) request certification of a new tax increment financing district or the addition of
1.11geographic area to an existing tax increment financing district after June 30, 2011; or
1.12(2) modify an existing tax increment financing plan in a manner that extends the
1.13duration of a district, expands the activities to be financed within the district, or authorizes
1.14the incurring of additional expenses not included in the plan before May 1, 2011.
