MN HF1285

Removes income limitations for tax increment financing (TIF) housing districts located in nonmetropolitan counties, while maintaining income restrictions for metropolitan counties.

Continues to require that no more than 20 percent of building square footage receiving TIF assistance may consist of commercial, retail, or other nonresidential uses.

Applies requirements to all property receiving TIF assistance, including interest reductions, land transfers below acquisition cost, utility services, roads, parking facilities, and other subsidies.

Excludes districts located in targeted areas from the income and commercial use restrictions.

Allows authorities to treat building additions as separate structures if construction begins more than three years after the original structure's completion and the addition was not contemplated in the original TIF plan.