Minnesota 2025 2025-2026 Regular Session

Minnesota House Bill HF2585 Introduced / Bill

Filed 03/20/2025

                    1.1	A bill for an act​
1.2 relating to taxation; tax increment financing; authorizing special rules for the city​
1.3 of St. Paul.​
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. CITY OF ST. PAUL; TAX INCREMENT FINANCING AUTHORITY.​
1.6 Subdivision 1.Establishment.Under the special rules in subdivision 2, the housing and​
1.7redevelopment authority of the city of St. Paul may establish not more than three​
1.8redevelopment tax increment financing districts, consisting of parcels, wholly within the​
1.9"downtown" defined as City Planning District Number 17 (Capitol River Council), together​
1.10with adjacent roads and rights-of-way.​
1.11 Subd. 2.Special rules.(a) If the authority establishes any tax increment district under​
1.12this section, the following special rules apply:​
1.13 (1) provided the authority finds by resolution that at least 50 percent of the buildings in​
1.14the district require substantial renovation or clearance to remove existing conditions such​
1.15as inadequate street layout; incompatible uses or land use relationships; overcrowding of​
1.16buildings on the land; buildings with significant vacancy rates; underused or inappropriately​
1.17used buildings; obsolete buildings not suitable for commercial use; or other identified hazards​
1.18to the health, safety, and general well-being of the community, the districts are deemed to​
1.19meet all the requirements of Minnesota Statutes, section 469.174, subdivision 10;​
1.20 (2) parcels in the district may be noncontiguous;​
1​Section 1.​
REVISOR MS/DG 25-04827​03/13/25 ​
State of Minnesota​
This Document can be made available​
in alternative formats upon request​
HOUSE OF REPRESENTATIVES​
H. F. No.  2585​
NINETY-FOURTH SESSION​
Authored by Hollins​03/20/2025​
The bill was read for the first time and referred to the Committee on Taxes​ 2.1 (3) notwithstanding Minnesota Statutes, section 469.176, subdivision 4l, tax increment​
2.2from a district may be used to clear buildings described in clause (1) for open space or a​
2.3commons area used as a public park;​
2.4 (4) the requirements, limitations, or restrictions under Minnesota Statutes, section​
2.5469.1763, subdivisions 2 and 3, do not apply to any expenditure for, or payment of bonds​
2.6issued to finance, activities within the area described in subdivision 1;​
2.7 (5) the requirements, limitations, or restrictions under Minnesota Statutes, sections​
2.8469.175, subdivision 3, paragraph (b), clause (2), item (ii); 469.176, subdivision 6; and​
2.9469.1763, subdivision 4, do not apply; and​
2.10 (6) the auditor shall certify the value of the land as the original tax capacity for any​
2.11parcel in the district under Minnesota Statutes, section 469.177, subdivision 1.​
2.12 (b) Except as otherwise provided in paragraph (a), the provisions of Minnesota Statutes,​
2.13sections 469.174 to 469.1794, apply to districts established under this section.​
2.14 Subd. 3.Expiration.The authority to request certification of districts under this section​
2.15expires June 30, 2030, unless the city has requested certification of at least one district by​
2.16that date. The authority to request certification of any district under this section expires on​
2.17June 30, 2034.​
2.18 EFFECTIVE DATE.This section is effective the day after the governing body of the​
2.19city of St. Paul and its chief clerical officer comply with the requirements of Minnesota​
2.20Statutes, section 645.021, subdivisions 2 and 3.​
2​Section 1.​
REVISOR MS/DG 25-04827​03/13/25 ​