SF1994 (Legislative Session 94 (2025-2026))
Moorhead tax increment financing district No. 31 5 year rule extension authorization
Related bill: HF2053
AI Generated Summary
This bill proposes special tax increment financing (TIF) rules for the city of Moorhead, Minnesota. Specifically, it extends the "five-year rule" under Minnesota law for TIF District No. 31 from five years to ten years. Additionally, it extends the period for using tax increments beyond the five-year period from six years to eleven years. This change allows Moorhead more time to utilize TIF funds for development projects within TIF District No. 31.
Bill text versions
- Introduction PDF file
Past committee meetings
- Taxes on: March 12, 2025 08:30
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 27, 2025 | Senate | Floor | Action | Introduction and first reading | |
| February 27, 2025 | Senate | Floor | Action | Referred to | Taxes |
| Senate | Note | Action | See |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill extends the five-year rule under section 469.1763, subdivision 3, for the city of Moorhead's Tax Increment Financing District No. 31.",
"modified": [
"Extends the five-year period to ten years for Tax Increment Financing District No. 31."
]
},
"citation": "469.1763",
"subdivision": "subdivision 3"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill extends the period for the use of increment beyond the original five-year period under section 469.1763, subdivision 4.",
"modified": [
"Extends the period to use increment to 11 years for Tax Increment Financing District No. 31."
]
},
"citation": "469.1763",
"subdivision": "subdivision 4"
}
]Progress through the legislative process
In Committee