SF85 (Legislative Session 94 (2025-2026))
City of Brooklyn Center tax increment financing special rules authorization
Related bill: HF1070
AI Generated Summary
This bill proposes allowing the city of Brooklyn Center, Minnesota, to establish up to two redevelopment tax increment financing (TIF) districts in a specific area known as the Opportunity Site. This area is defined by certain roads and boundaries within the city. The bill includes special rules for these TIF districts: they automatically meet certain state statutory requirements typically needed for TIF approval, and another state rule related to tax increment financing will not apply to these districts. Additionally, the legislation sets a deadline: the authority to create a TIF plan under this bill will end on December 31, 2031.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 15, 2025 | House | Floor | Action | Introduction and first reading | |
| January 15, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 15, 2025 | House | Floor | Action | Referred to | Taxes |
| January 15, 2025 | Senate | Floor | Action | Referred to | Taxes |
| February 02, 2025 | House | Floor | Action | Author added | |
| February 02, 2025 | Senate | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Special rules specific to Brooklyn Center."
],
"removed": [
""
],
"summary": "The bill regards the establishment of tax increment financing districts in Brooklyn Center, under section 469.174, subdivision 10.",
"modified": [
"Exemption criteria under Minnesota Statutes section 469176 subdivision 4j."
]
},
"citation": "469.174",
"subdivision": "subdivision 10"
},
{
"analysis": {
"added": [
""
],
"removed": [
"Subdivision 4j requirements for TIF district."
],
"summary": "This bill exempts the Brooklyn Center TIF district from certain requirements of section 469.176, subdivision 4j.",
"modified": [
""
]
},
"citation": "469.176",
"subdivision": "subdivision 4j"
}
]