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MN SF4107

Bill

Official Source

Status

Introduced

3/9/2020

Primary Sponsor

Bill Weber

Click for details

Origin

Senate

91st Legislature 2019-2020

AI Summary

  • Extends the five-year activity requirement under Minnesota Statutes section 469.1763, subdivision 3, to ten years for Tax Increment Financing District No. 1-8 in Mountain Lake.

  • Activities undertaken within ten years of the district's certification will satisfy the statutory requirement, instead of the standard five-year deadline.

  • District is administered by the city of Mountain Lake or its economic development authority.

  • Effective upon compliance by Mountain Lake's governing body and chief clerical officer with Minnesota Statutes section 645.021, subdivisions 2 and 3.

Legislative Description

Mountain Lake tax increment financing five-year rule extension authorization

Last Action

Referred to Taxes

3/9/2020

Committee Referrals

Taxes3/9/2020

Full Bill Text

No bill text available