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MN SF1619
Bill
Status
1/30/2012
Primary Sponsor
Charles Wiger
Click for details
AI Summary
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Extends the deadline for the Oakdale Housing and Redevelopment Authority to request certification of original tax capacity for tax increment financing districts from July 1, 2013 to December 31, 2017.
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Applies to redevelopment TIF districts in Oakdale comprised of 14 specified parcels with designated parcel identification numbers.
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Allows the authority to elect to have original tax capacity certified as the tax capacity of the land under Minnesota Statutes section 469.177.
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Deems six specified parcels as meeting occupancy requirements if buildings were demolished after authority adoption of certain resolutions and certification is requested by December 31, 2017.
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Effective upon city of Oakdale's compliance with Minnesota Statutes section 645.021, subdivision 3.
Legislative Description
Oakdale tax increment financing (TIF) district time limit extension
Last Action
Withdrawn and re-referred to Taxes
2/23/2012