Minnesota SF 109: City of Maplewood tax increment financing special rules authorization

Bill Text

1.1 A bill for an act​
1.2 relating to taxation; tax increment financing; authorizing special rules for the city​
1.3 of Maplewood; amending Laws 2013, chapter 143, article 9, section 21.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. Laws 2013, chapter 143, article 9, section 21, is amended to read:​
1.6 Sec. 21. CITY OF MAPLEWOOD; TAX INCREMENT FINANCING DISTRICT;​
1.7 SPECIAL RULES.​
1.8 (a) If the city of Maplewood elects, upon the adoption of a tax increment financing plan​
1.9 for a district, the rules under this section apply to one or more redevelopment tax increment​
1.10 financing districts established by the city or the economic development authority of the city.​
1.11 The area within which the redevelopment tax increment districts may be created is parcel​
1.12 362922240002 (the "parcel") or any replatted parcels constituting a part of the parcel and​
1.13 the adjacent rights-of-way. For purposes of this section, the parcel is the "3M Renovation​
1.14 and Retention Project Area" or "project area."​
1.15 (b) The requirements for qualifying redevelopment tax increment districts under​
1.16 Minnesota Statutes, section 469.174, subdivision 10, do not apply to the parcel, which is​
1.17 deemed eligible for inclusion in a redevelopment tax increment district.​
1.18 (c) The 90 percent rule under Minnesota Statutes, section 469.176, subdivision 4j, does​
1.19 not apply to the parcel.​
1.20 (d) The expenditures outside district rule under Minnesota Statutes, section 469.1763,​
1.21 subdivision 2, does not apply; the five-year rule under Minnesota Statutes, section 469.1763,​
1​Section 1.​
25-01495 as introduced​12/20/24 REVISOR MS/KR​
SENATE​
STATE OF MINNESOTA​
S.F. No. 109​NINETY-FOURTH SESSION​
(SENATE AUTHORS: XIONG)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​76​01/16/2025​
Referred to Taxes​
See First Special Session, HF9​

2.1 subdivision 3, is extended to ten years; and expenditures must only be made within the​
2.2 project area or the area bounded by State Highway 61 to the West, Interstate Highway 694​
2.3 to the North, McKnight Road to the East, and a line extending from Frost Avenue through​
2.4 to McKnight Road to the South.​
2.5 (e) If, after one year from the date of certification of the original net tax capacity of the​
2.6 tax increment district, no demolition, rehabilitation, or renovation of property has been​
2.7 commenced on a parcel located within the tax increment district, no additional tax increment​
2.8 may be taken from that parcel, and the original net tax capacity of the parcel shall be excluded​
2.9 from the original net tax capacity of the tax increment district. If 3M Company subsequently​
2.10 commences demolition, rehabilitation, or renovation, the authority shall certify to the county​
2.11 auditor that the activity has commenced, and the county auditor shall certify the net tax​
2.12 capacity thereof as most recently certified by the commissioner of revenue and add it to the​
2.13 original net tax capacity of the tax increment district. The authority must submit to the​
2.14 county auditor evidence that the required activity has taken place for each parcel in the​
2.15 district.​
2.16 (f) The authority to approve a tax increment financing plan and to establish a tax​
2.17 increment financing district under this section expires December 31, 2018.​
2.18 EFFECTIVE DATE.This section is effective the day after the city of Maplewood and​
2.19 its chief clerical officer comply with Minnesota Statutes, section 645.021, subdivisions 2​
2.20 and 3.​
2​Section 1.​
25-01495 as introduced​12/20/24 REVISOR MS/KR​