| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 1.1 A bill for an act | |
| 2 | 2 | 1.2 relating to taxation; tax increment financing; authorizing special rules for the city | |
| 3 | 3 | 1.3 of Minnetonka. | |
| 4 | 4 | 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: | |
| 5 | 5 | 1.5 Section 1. CITY OF MINNETONKA; OPUS TIF DISTRICT; FIVE-YEAR RULE | |
| 6 | 6 | 1.6EXTENSION. | |
| 7 | 7 | 1.7 (a) The five-year period under Minnesota Statutes, section 469.1763, subdivision 3, is | |
| 8 | 8 | 1.8extended to ten years and the period under Minnesota Statutes, section 469.1763, subdivision | |
| 9 | 9 | 1.94, relating to the use of increment after the expiration of the five-year period, is extended | |
| 10 | 10 | 1.10to 11 years for the Opus tax increment financing district established in 2021 by the economic | |
| 11 | 11 | 1.11development authority in the city of Minnetonka. | |
| 12 | 12 | 1.12 (b) Minnesota Statutes, section 469.176, subdivision 4j, does not apply to the district. | |
| 13 | 13 | 1.13 EFFECTIVE DATE.This section is effective the day after the governing body of the | |
| 14 | 14 | 1.14city of Minnetonka and its chief clerical officer comply with the requirements of Minnesota | |
| 15 | 15 | 1.15Statutes, section 645.021, subdivisions 2 and 3. | |
| 16 | 16 | 1Section 1. | |
| 17 | 17 | 25-02346 as introduced01/17/25 REVISOR MS/AC | |
| 18 | 18 | SENATE | |
| 19 | 19 | STATE OF MINNESOTA | |
| 20 | 20 | S.F. No. 736NINETY-FOURTH SESSION | |
| 21 | 21 | (SENATE AUTHORS: CWODZINSKI) | |
| 22 | 22 | OFFICIAL STATUSD-PGDATE | |
| 23 | 23 | Introduction and first reading01/27/2025 | |
| 24 | 24 | Referred to Taxes |