Minnesota SF 2405: Housing and redevelopment authority levy limits modification

Bill Text

1.1 A bill for an act​
1.2 relating to taxation; property; modifying housing and redevelopment authority​
1.3 levy limits; amending Minnesota Statutes 2024, section 469.033, subdivision 6.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. Minnesota Statutes 2024, section 469.033, subdivision 6, is amended to read:​
1.6 Subd. 6.Operation area as taxing district, special tax.All of the territory included​
1.7 within the area of operation of any authority shall constitute a taxing district for the purpose​
1.8 of levying and collecting special benefit taxes as provided in this subdivision. All of the​
1.9 taxable property, both real and personal, within that taxing district shall be deemed to be​
1.10 benefited by projects to the extent of the special taxes levied under this subdivision. Subject​
1.11 to the consent by resolution of the governing body of the city in and for which it was created,​
1.12 an authority may levy a tax upon all taxable property within that taxing district. The tax​
1.13 shall be extended, spread, and included with and as a part of the general taxes for state,​
1.14 county, and municipal purposes by the county auditor, to be collected and enforced therewith,​
1.15 together with the penalty, interest, and costs. As the tax, including any penalties, interest,​
1.16 and costs, is collected by the county treasurer it shall be accumulated and kept in a separate​
1.17 fund to be known as the "housing and redevelopment project fund." The money in the fund​
1.18 shall be turned over to the authority at the same time and in the same manner that the tax​
1.19 collections for the city are turned over to the city, and shall be expended only for the purposes​
1.20 of sections 469.001 to 469.047. It shall be paid out upon vouchers signed by the chair of​
1.21 the authority or an authorized representative. The amount of the levy shall be an amount​
1.22 approved by the governing body of the city, but shall not exceed 0.0185 0.037 percent of​
1.23 estimated market value. The authority shall each year formulate and file a budget in​
1​Section 1.​
25-02762 as introduced​01/24/25 REVISOR MS/EN​
SENATE​
STATE OF MINNESOTA​
S.F. No. 2405​NINETY-FOURTH SESSION​
(SENATE AUTHORS: MOHAMED, Putnam and Port)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​745​03/13/2025​
Referred to Taxes​

2.1 accordance with the budget procedure of the city in the same manner as required of executive​
2.2 departments of the city or, if no budgets are required to be filed, by August 1. The amount​
2.3 of the tax levy for the following year shall be based on that budget. The requirements of​
2.4 section 275.067 apply to a housing and redevelopment authority that has not previously​
2.5 certified a levy.​
2​Section 1.​
25-02762 as introduced​01/24/25 REVISOR MS/EN​