HF1863 (Legislative Session 94 (2025-2026))
Housing and redevelopment authority levy limits modified.
Related bill: SF2405
AI Generated Summary
This bill proposes an amendment to Minnesota Statutes 2024, section 469.033, subdivision 6, to modify the levy limits for Housing and Redevelopment Authorities (HRAs). Specifically, it increases the maximum allowable special tax levy for HRAs from 0.0185% to 0.037% of estimated market value, subject to approval by the governing body of the city in which the HRA operates.
The bill also outlines that all taxable property within an HRA’s operational area constitutes a taxing district that can be assessed special benefit taxes. These taxes will be collected along with state, county, and municipal taxes, with the revenue directed to a housing and redevelopment project fund. Funds from this tax must be used exclusively for purposes outlined in sections 469.001 to 469.047 of Minnesota law.
Additionally, the bill requires HRAs to file an annual budget in accordance with city procedures, and tax levies for the following year must be based on this budget. The provisions of section 275.067 apply to any HRA that has not previously certified a levy.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 02, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"The amendment increases maximum levy limits from 0.0185 to 0.037 percent of estimated market value."
],
"removed": [],
"summary": "This bill modifies the housing and redevelopment authority levy limits under section 469.033.",
"modified": [
"Adjusts procedural guidelines for budget formulation and tax levy based on the city's budget procedures."
]
},
"citation": "469.033"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References the range of sections governing the purposes and powers of housing and redevelopment projects.",
"modified": []
},
"citation": "469.001 to 469.047"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This section outlines requirements for housing and redevelopment authorities that have not previously certified a levy.",
"modified": []
},
"citation": "275.067"
}
]