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MN SF1587
Bill
Status
Introduced
2/20/2025
Primary Sponsor
Melissa Wiklund
Click for details
AI Summary
- Extends a property tax exemption for land owned by the Port Authority of the city of Bloomington that was acquired in May 2016
- Current exemption covers taxes payable in 2017 through 2025; extension continues exemption for taxes payable in 2026 through 2031
- Property must continue to meet requirements of Minnesota Statutes, section 272.02, subdivision 39 (economic development purposes)
- Initial application for the exemption extension must be filed with the assessor by June 30, 2025
- Effective date is the day after Bloomington's governing body and chief clerical officer comply with local approval requirements under Minnesota Statutes, section 645.021
Legislative Description
Property tax exemption extension for property held for economic development
Last Action
Author added Rest
3/3/2025
Committee Referrals
Taxes2/20/2025
Full Bill Text
No bill text available