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MN SF1619

Bill

Status

Introduced

1/30/2012

Primary Sponsor

Charles Wiger

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • 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.

  • Applies to redevelopment TIF districts in Oakdale comprised of 14 specified parcels with designated parcel identification numbers.

  • Allows the authority to elect to have original tax capacity certified as the tax capacity of the land under Minnesota Statutes section 469.177.

  • 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.

  • 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Withdrawn and re-referred to Taxes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

Committee Referrals

Taxes2/23/2012
Local Government and Elections1/30/2012

Full Bill Text

No bill text available