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MN HF2568
Bill
Status
3/20/2025
Primary Sponsor
Emma Greenman
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AI Summary
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Amends Minnesota Statutes section 16C.285, subdivision 2, to require tax increment financing amounts to be included (rather than excluded) when calculating whether a construction contract exceeds the $50,000 threshold
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The $50,000 threshold triggers requirements under the "responsible contractor" law, which mandates contractors meet minimum criteria to be awarded publicly owned or financed construction contracts
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Expands the application of responsible contractor requirements to more projects by counting tax increment financing toward the contract value
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Authored by Representative Greenman and referred to the House Committee on State Government Finance and Policy on March 20, 2025
Legislative Description
Tax increment financing required to be included for the purposes of meeting the threshold for the responsible contractor law.
Last Action
Introduction and first reading, referred to State Government Finance and Policy
3/20/2025