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MN HF1049
Bill
Status
Introduced
1/30/2023
Primary Sponsor
Jeff Brand
Click for details
AI Summary
- Amends Minnesota Statutes section 469.174, subdivision 27 to redefine "small city" for tax increment financing purposes
- Reduces the distance requirement from ten miles to five miles that a city must be located from a larger city (population 10,000 or more) to qualify as a "small city"
- Maintains the population threshold of 5,000 or less for cities to be considered "small cities"
- Distance between cities continues to be measured by drawing a straight line from the nearest boundaries of the two cities
- Referred to the House Committee on Taxes during the 93rd legislative session
Legislative Description
Tax increment financing provisions modified, and definition of small city expanded.
Last Action
Referred by Chair to Property Tax Division
3/2/2023
Committee Referrals
Property Tax3/2/2023
Taxes1/30/2023
Full Bill Text
No bill text available