1.1 A bill for an act
1.2 relating to taxation; tax increment financing; proposing special rules for the city
1.3 of St. Paul; amending Laws 2017, First Special Session chapter 1, article 6, section
1.4 22.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Laws 2017, First Special Session chapter 1, article 6, section 22, is amended
1.7to read:
1.8 Sec. 22. CITY OF ST. PAUL; FORD SITE REDEVELOPMENT TIF DISTRICT.
1.9 (a) For purposes of computing the duration limits under Minnesota Statutes, section
1.10469.176, subdivision 1b, the housing and redevelopment authority of the city of St. Paul
1.11may waive receipt of increment for the Ford Site Redevelopment Tax Increment Financing
1.12District. This authority is limited to the first four years of increment or increments derived
1.13from taxes payable in 2023, whichever occurs first.
1.14 (b) If the city elects to waive receipt of increment under paragraph (a), for purposes of
1.15applying any limits based on when the district was certified under Minnesota Statutes,
1.16section 469.176, subdivision 6, or 469.1763, the date of certification for the district is deemed
1.17to be January 2 of the property tax assessment year for which increment is first received
1.18under the waiver.
1.19 (c) The five-year period under Minnesota Statutes, section 469.1763, subdivision 3, is
1.20extended to ten years and the period under Minnesota Statutes, section 469.1763, subdivision
1.214, relating to the use of increment after the expiration of the five-year period, is extended
1Section 1.
25-04321 as introduced02/25/25 REVISOR MS/EN
SENATE
STATE OF MINNESOTA
S.F. No. 2407NINETY-FOURTH SESSION
(SENATE AUTHORS: OUMOU VERBETEN, Pappas, Hawj and Murphy)
OFFICIAL STATUSD-PGDATE
Introduction and first reading03/13/2025
Referred to Taxes 2.1to 11 years for the Ford Site Redevelopment Tax Increment Financing District in the city
2.2of St. Paul.
2.3 EFFECTIVE DATE.This section is effective the day after the governing body of the
2.4city of St. Paul and its chief clerical officer comply with the requirements of Minnesota
2.5Statutes, section 645.021, subdivisions 2 and 3.
2Section 1.
25-04321 as introduced02/25/25 REVISOR MS/EN