SF7 (Legislative Session 94 (2025-2026))
Eligibility modification for redevelopment districts
Related bill: HF948
AI Generated Summary
This bill is a proposal to amend several laws in Minnesota related to tax increment financing (TIF), primarily focused on redevelopment districts. The proposed changes include:
Defining a “redevelopment district” as an area where certain conditions exist, such as a significant portion of the land being occupied by substandard buildings or other deteriorated structures that need substantial renovation or clearance.
Specifying the criteria that make a building structurally substandard, which includes serious structural defects or significant deficiencies in necessary utilities and facilities, light, ventilation, and fire protection.
Clarifying that a building cannot be considered structurally substandard if it meets or can be modified to meet current building codes at a reasonable cost (less than 15% of the cost of constructing a new building).
Establishing conditions for a parcel to be considered as containing a structurally substandard building, such as the presence of a substandard building within three years prior to requesting inclusion in a redevelopment district.
Lastly, the proposal includes repealing certain statutes while modifying eligibility for redevelopment projects and shortening the duration limits for these districts.
The intention of this bill is to streamline and redefine the criteria and process for establishing and managing tax increment financing districts for redevelopment purposes, aiming to improve, adjust, or clear substandard or inadequately used areas.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 15, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 15, 2025 | Senate | Floor | Action | Referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"Inclusion of tank facilities in determining redevelopment districts eligibility."
],
"removed": [
"Eliminates separate considerations for different tank capacities."
],
"summary": "This bill references the definition of 'tank facilities' as provided in section 115C.02, subdivision 15.",
"modified": [
"Clarifies the usage and conditions of tank facilities in assessment criteria."
]
},
"citation": "115C.02, subd. 15"
},
{
"analysis": {
"added": [
"Requirement for written documentation of findings and reasons for not conducting an interior inspection."
],
"removed": [
"Allows for the use of external evidence in specific cases without interior inspection."
],
"summary": "This bill modifies documentation requirements for findings when interior inspection of a property is not conducted.",
"modified": [
"Clarifies the supporting evidence needed when no interior inspection occurs."
]
},
"citation": "469.175, subd. 3"
},
{
"analysis": {
"added": [
"New procedure for notifying the county auditor for tax capacity adjustments."
],
"removed": [
"Eliminates previous methods of tax capacity determination for newly included parcels."
],
"summary": "Adjustments to original tax capacity reporting for parcels part of a redevelopment district.",
"modified": [
"Specifies the adjustments based on redevelopment plans."
]
},
"citation": "469.177, subd. 1"
}
]