Bill Text: MN HF104 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Dakota County Community Development Agency tax increment financing district subject to special rules authorized.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-01-30 - Referred by Chair to Property and Local Tax Division [HF104 Detail]
Download: Minnesota-2013-HF104-Introduced.html
1.2relating to taxation; authorizing the Dakota County Community Development
1.3Agency to create a tax increment financing district subject to special rules.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY;
1.6TAX INCREMENT FINANCING DISTRICT.
1.7 Subdivision 1. Authorization. Notwithstanding the provisions of any other law,
1.8the Dakota County Community Development Agency may establish a redevelopment tax
1.9increment financing district comprised of the properties that were:
1.10(1) included in the CDA 10 Robert and South Street district in the city of West
1.11St. Paul; and
1.12(2) not decertified before July 1, 2012.
1.13The district created under this section terminates no later than December 31, 2028.
1.14 Subd. 2. Special rules. The requirements for qualifying a redevelopment district
1.15under Minnesota Statutes, section 469.174, subdivision 10, do not apply to parcels located
1.16within the district. Minnesota Statutes, section 469.176, subdivisions 4g, paragraph (c),
1.17clause (1), item (ii), 4j, and 4l, do not apply to the district. The original tax capacity
1.18of the district is $93,239.
1.19 Subd. 3. Authorized expenditures. Tax increment from the district may be
1.20expended to pay for any eligible activities authorized by Minnesota Statutes, chapter 469,
1.21within the redevelopment area that includes the district. All expenditures for eligible
1.22activities are deemed to be activities within the district under Minnesota Statutes, section
1.23469.1763, subdivisions 2 to 4.
2.1 Subd. 4. Adjusted net tax capacity. The captured tax capacity of the district must
2.2be included in the adjusted net tax capacity of the city, county, and school district for the
2.3purposes of determining local government aid, education aid, and county program aid.
2.4The county auditor shall report to the commissioner of revenue the amount of the captured
2.5tax capacity for the district at the time the assessment abstracts are filed.
2.6EFFECTIVE DATE.This section is effective upon compliance by the governing
2.7body of the Dakota County Community Development Agency with the requirements of
2.8Minnesota Statutes, section 645.021, subdivision 3.
1.3Agency to create a tax increment financing district subject to special rules.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY;
1.6TAX INCREMENT FINANCING DISTRICT.
1.7 Subdivision 1. Authorization. Notwithstanding the provisions of any other law,
1.8the Dakota County Community Development Agency may establish a redevelopment tax
1.9increment financing district comprised of the properties that were:
1.10(1) included in the CDA 10 Robert and South Street district in the city of West
1.11St. Paul; and
1.12(2) not decertified before July 1, 2012.
1.13The district created under this section terminates no later than December 31, 2028.
1.14 Subd. 2. Special rules. The requirements for qualifying a redevelopment district
1.15under Minnesota Statutes, section 469.174, subdivision 10, do not apply to parcels located
1.16within the district. Minnesota Statutes, section 469.176, subdivisions 4g, paragraph (c),
1.17clause (1), item (ii), 4j, and 4l, do not apply to the district. The original tax capacity
1.18of the district is $93,239.
1.19 Subd. 3. Authorized expenditures. Tax increment from the district may be
1.20expended to pay for any eligible activities authorized by Minnesota Statutes, chapter 469,
1.21within the redevelopment area that includes the district. All expenditures for eligible
1.22activities are deemed to be activities within the district under Minnesota Statutes, section
1.23469.1763, subdivisions 2 to 4.
2.1 Subd. 4. Adjusted net tax capacity. The captured tax capacity of the district must
2.2be included in the adjusted net tax capacity of the city, county, and school district for the
2.3purposes of determining local government aid, education aid, and county program aid.
2.4The county auditor shall report to the commissioner of revenue the amount of the captured
2.5tax capacity for the district at the time the assessment abstracts are filed.
2.6EFFECTIVE DATE.This section is effective upon compliance by the governing
2.7body of the Dakota County Community Development Agency with the requirements of
2.8Minnesota Statutes, section 645.021, subdivision 3.
