MN HF2538

Eliminates international economic development zones and repeals related tax provisions including income exclusions, exemptions, and property exclusions.

Consolidates enterprise zone provisions to focus on border city enterprise zones in five specified cities (Breckenridge, Dilworth, East Grand Forks, Moorhead, and Ortonville) with extended indefinite duration until terminated by resolution.

Simplifies tax increment financing provisions by removing class 3b property classification and adjusting original tax capacity calculations to account for homestead market value exclusions and rural preserve property tax program participation.

Removes obsolete provisions from housing and redevelopment authority statutes, including repealing sections related to designated enterprise zones, employment property classifications, and obsolete competitive bidding exceptions.

Updates references throughout tax code sections related to income tax credits, sales tax exemptions, and property tax classifications to eliminate references to repealed international economic development zone provisions.