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MN HF2027

Bill

Status

Introduced

1/30/2012

Primary Sponsor

Gregory Davids

Click for details

Origin

House of Representatives

87th Legislature 2011-2012

AI Summary

  • Authorizes the city of Bloomington and its port authority to extend the duration limits of tax increment financing district No. 1-G through December 31, 2038
  • District No. 1-G includes the former Met Center property, Lindau Lane, and a portion of tax increment financing district No. 1-C north of the existing building line on Lot 1, Block 1, Mall of America 7th Addition
  • Excludes Lots 2 and 3 from the extended district boundaries
  • Overrides existing provisions in Minnesota Statutes section 469.176 and Laws 1996, chapter 464, article 1, section 8
  • Becomes effective upon the city of Bloomington's compliance with Minnesota Statutes sections 469.1782, subdivision 2, and 645.021, subdivision 3

Legislative Description

Bloomington; tax increment financing district time limits extended.

Last Action

Division action, to pass and return to Taxes

3/14/2012

Committee Referrals

Property and Local Tax2/17/2012
Taxes1/30/2012

Full Bill Text

No bill text available