MN HF869

Adds transit improvement areas as a qualifying criterion for economic development districts under tax increment financing, allowing districts in these areas to support designated transit-related activities.

Permits tax increment revenues from economic development districts to fund activities within transit improvement areas as defined in section 469.351, expanding eligible use categories beyond traditional manufacturing and commercial uses.

Allows tax increment financing districts created within transit improvement areas to expend revenues outside the district but within the transit improvement area for public infrastructure construction and redevelopment costs supporting transit activities.

Enables tax increment revenues to be used within designated improvement areas for certain housing and public improvement purposes, in addition to existing qualified low-income building requirements.

Applies all amendments retroactively to all districts regardless of when certification was originally requested.