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SF3009 (Legislative Session 94 (2025-2026))

Brooklyn Park tax increment financing special rules establishment

Related bill: HF2777

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to establish special rules for tax increment financing (TIF) specifically for the city of Brooklyn Park, Minnesota. This bill aims to facilitate economic development within specifically designated areas of the city.

Main Provisions

  • Establishment of Redevelopment Areas: The bill allows the city of Brooklyn Park, or its economic development authority, to establish one or more redevelopment TIF districts. These districts must be located entirely within the city and are composed of specified parcels of land and connected roadways.

  • Special Rules for TIF Districts: The bill sets forth special rules for the use of tax increments from these districts. Key provisions include:

    1. Designation that the districts inherently meet certain statutory requirements related to TIF.
    2. Permission for expenditures related to the development of the specified parcels to automatically meet certain statutory obligations.
    3. Authorization for the spending of tax increments on additional specified expenditures such as:
      • Acquisition and improvement of public infrastructure like streets, sidewalks, trails, lighting, and public art.
      • Rehabilitation of commercial and residential buildings, including facade improvements.

Significant Changes to Existing Law

  • Exemptions from Certain Restrictions: The bill provides that certain limitations and restrictions present in current Minnesota statutes related to TIF do not apply to these newly established districts. This includes exemptions from specific requirements on the use and allocation of the tax increments, allowing for greater flexibility in spending.

Relevant Terms

tax increment financing, Brooklyn Park, economic development, redevelopment districts, public infrastructure improvement, building rehabilitation, statutory exemptions

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 26, 2025SenateFloorActionIntroduction and first reading
March 26, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Special rules are applied to TIF districts in Brooklyn Park, which are considered to meet all requirements of section 469.174, subdivision 10.",
      "modified": []
    },
    "citation": "469.174",
    "subdivision": "subdivision 10"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Expenditures for property development in Brooklyn Park's TIF districts are deemed compliant with section 469.176, subdivision 4j.",
      "modified": []
    },
    "citation": "469.176",
    "subdivision": "subdivision 4j"
  },
  {
    "analysis": {
      "added": [
        "Allowable expenditures include public space improvements and building rehabilitations."
      ],
      "removed": [],
      "summary": "Additional expenditures allowed to be financed with increment, per section 469.176, subdivision 4, for Brooklyn Park's TIF districts.",
      "modified": []
    },
    "citation": "469.176",
    "subdivision": "subdivision 4"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Certain requirements do not apply to Brooklyn Park's TIF districts under section 469.174, subdivision 25, clause 2.",
      "modified": []
    },
    "citation": "469.174",
    "subdivision": "subdivision 25"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The restrictions in section 469.176, subdivisions 4l and 5, do not apply to Brooklyn Park's TIF districts.",
      "modified": []
    },
    "citation": "469.176",
    "subdivision": "subdivisions 4l and 5"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Limitations in section 469.1763, subdivisions 2, 3, and 4, are lifted for Brooklyn Park's TIF districts.",
      "modified": []
    },
    "citation": "469.1763",
    "subdivision": "subdivisions 2, 3, and 4"
  }
]

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