as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:40am
Engrossments | ||
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Introduction | Posted on 02/09/2009 |
A bill for an act
relating to taxation; tax increment financing; allowing the city of Columbia
Heights an extension of the five year rule for a district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The requirements of Minnesota Statutes, section 469.1763, subdivision 3, that
activities must be undertaken within a five-year period from the date of certification of a
tax increment financing district, is considered to be met for the K-mart/Central Avenue
Tax Increment Financing District in the city of Columbia Heights if the activities are
undertaken within ten years from the date of certification of the district.
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This section is effective upon compliance by the governing
body of the city of Columbia Heights with the requirements of Minnesota Statutes, section
645.021.
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