MN SF2040

Authorizes the Dakota County Community Development Authority to establish a redevelopment tax increment financing district comprised of properties from the CDA 10 Robert and South Street district in West St. Paul that were not decertified before July 1, 2012.

District terminates no later than December 31, 2027, with an original tax capacity of $93,239.

Exempts parcels in the district from standard redevelopment district qualifying requirements under Minnesota Statutes section 469.174, subdivision 10, and certain other TIF provisions.

Allows tax increment from the district to fund any eligible activities authorized under Minnesota Statutes chapter 469 within the redevelopment area.

Requires the county auditor to report captured tax capacity to the commissioner of revenue when assessment abstracts are filed, with captured tax capacity included in adjusted net tax capacity calculations for local government aid, education aid, and county program aid.