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MN HF1791
Bill
Status
1/24/2012
Primary Sponsor
Nora Slawik
Click for details
AI Summary
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Extends the deadline for the Housing and Redevelopment Authority in Oakdale to request certification of original tax capacity for specified tax increment financing districts from July 1, 2013 to December 31, 2017
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Applies to redevelopment districts in Oakdale comprising 14 parcels in one area and 2 parcels in another area, identified by specific parcel identification numbers
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Deems six specific parcels (3102921320054, 3102921320055, 3102921320056, 3102921320057, 3102921320061, and 3102921330004) as meeting statutory occupancy requirements if buildings were demolished after authority adoption of a resolution and certification is requested by December 31, 2017
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Allows the authority to elect to have original tax capacity certified as the tax capacity of the land for deemed-occupied parcels, notwithstanding contrary statutory provisions
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Becomes effective upon compliance by the city of Oakdale with statutory notice requirements
Legislative Description
Oakdale; tax increment financing district applicable time limits extended.
Last Action
Division action, to pass and return to Taxes
3/14/2012