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MN HF1791

Bill

Status

Introduced

1/24/2012

Primary Sponsor

Nora Slawik

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • 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

  • Applies to redevelopment districts in Oakdale comprising 14 parcels in one area and 2 parcels in another area, identified by specific parcel identification numbers

  • 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

  • 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

  • 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

Committee Referrals

Property and Local Tax2/3/2012
Taxes1/24/2012

Full Bill Text

No bill text available