MN SF7

Repeals "renewal and renovation districts" as a separate category of tax increment financing (TIF) district, eliminating Minnesota Statutes sections 469.174, subdivision 10a and 469.176, subdivision 4j

Reduces the maximum duration for redevelopment districts from 25 years to 20 years after receipt of first tax increment

Removes a qualifying criterion for redevelopment districts that previously allowed districts where 20% of buildings are structurally substandard and 30% require substantial renovation (retaining only the 50% structurally substandard threshold)

Modifies expenditure rules to remove references to renewal and renovation districts throughout the TIF statutes, consolidating requirements under redevelopment district provisions

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