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MN SF2405

Bill

Official Source

Status

Introduced

3/13/2025

Primary Sponsor

Zaynab Mohamed

Click for details

Origin

Senate

94th Legislature 2025-2026

AI Summary

  • Doubles the maximum property tax levy limit for housing and redevelopment authorities from 0.0185% to 0.037% of estimated market value
  • Levy authority requires consent by resolution from the city governing body before the housing and redevelopment authority can impose the tax
  • Tax revenues collected are deposited into a separate "housing and redevelopment project fund" and may only be used for purposes authorized under Minnesota Statutes sections 469.001 to 469.047
  • Amends Minnesota Statutes 2024, section 469.033, subdivision 6

Legislative Description

Housing and redevelopment authority levy limits modification

Last Action

Referred to Taxes

3/13/2025

Committee Referrals

Taxes3/13/2025

Full Bill Text

No bill text available