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MN HF3254
Bill
Status
3/21/2014
Primary Sponsor
Ben Lien
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AI Summary
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Allocates $750,000 for tax reductions to border city enterprise zones on Minnesota's western border, distributed on a per capita basis among eligible cities.
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Allocates an additional $750,000 for tax reductions under specific statutes to western border city enterprise zones, also distributed per capita.
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Appropriates $150,000 in fiscal year 2014 to the Commissioner of Employment and Economic Development to conduct an independent study on North Dakota oil production's effects on the Minnesota economy, with focus on northwestern Minnesota and border cities.
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Requires the study to analyze economic, fiscal, and demographic effects; direct and indirect costs and benefits; and economic challenges and opportunities for the affected regions.
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Mandates the Commissioner report findings and policy recommendations to relevant legislative committees by February 15, 2015, with unused appropriation funds lapsing on March 31, 2015.
Legislative Description
Border city allocations modified, study and report mandated on North Dakota oil production and economic impacts in Minnesota, and money appropriated.
Last Action
Committee report, to adopt as amended and re-refer to Taxes
3/27/2014