Bill
Bill > HF1463
MN HF1463
MN HF1463Woodbury; tax increment financing provisions modified, and special rules provided.
summary
Introduced
02/08/2023
02/08/2023
In Committee
02/08/2023
02/08/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to taxation; tax increment financing; providing special rules for the city of Woodbury.
AI Summary
This bill allows the city of Woodbury to use tax increment financing (TIF) funds from TIF District No. 13 for the maintenance and upgrades of Central Park, even though the expenditures are not located within the TIF district boundaries. It also permits the city to extend the duration of TIF District No. 13 by five years, provided that the city, the county, and the school district comply with the necessary legal requirements.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Hearing (18:00:00 3/16/2023 ) (on 03/16/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1463&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF1463&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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