MN SF585

Tax increment financing (TIF) districts located outside metropolitan counties would have the standard five-year rule extended to ten years for committing revenues to qualified activities after certification

Income restrictions for TIF housing districts would only apply to districts located in metropolitan counties (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties), removing this requirement for Greater Minnesota housing districts

The six-year decertification timeline would be adjusted to align with the new ten-year extension for non-metropolitan districts

All provisions apply to TIF districts for which certification requests are made after June 30, 2025