MN SF4595

Removes income limitations for housing tax increment financing districts located outside metropolitan counties, while maintaining income restrictions for districts in metropolitan counties.

Extends the five-year revenue expenditure deadline to ten years for any district certified after June 30, 2024, that is not located in a metropolitan county.

Extends the five-year revenue expenditure deadline to ten years for redevelopment and renewal districts certified after June 30, 2024, not in metropolitan counties, affecting decertification requirements under the six-year rule.

Allows authorities to treat building additions as separate structures if construction begins more than three years after the original structure was completed and the addition was not contemplated in the original tax increment financing plan.

All amendments are effective for districts with certification requests made after June 30, 2024.