SF1994

SF1994 (Legislative Session 94 (2025-2026))

Moorhead tax increment financing district No. 31 5 year rule extension authorization

Related bill: HF2053

AI Generated Summary

This bill relates to tax increment financing (TIF) for the city of Moorhead, Minnesota. It extends the "five-year rule" under Minnesota law for TIF District No. 31, allowing the city to spend tax increments for up to ten years instead of five. Additionally, the period for using increments after the expiration of the original five-year period is extended to eleven years.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 26, 2025	Senate	Floor	Action	Introduction and first reading
February 26, 2025	Senate	Floor	Action	Referred to	Taxes

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill modifies the duration and use of tax increment financing for the city of Moorhead under section 469.1763.",
      "modified": [
        "Extends the five-year period to ten years and the use period after the expiration of the five-year period to eleven years."
      ]
    },
    "citation": "469.1763"
  }
]