1.1 	A bill for an act
1.2 	relating to tax increment financing; allowing a tax increment financing district 
1.3 	in the city of Aitkin to capture the state general tax for certain parcels and 
1.4 	expanding the qualifying uses of increment for the district.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. TAX INCREMENT FINANCING; CITY OF AITKIN.
 1.7 		Subdivision 1.State general tax. Increments for the Aitkin County Housing and 
1.8 	Redevelopment Authority tax increment financing district TIF-2 redevelopment include 
1.9 	the state general tax paid by captured tax capacity under Minnesota Statutes, section 
1.10 	275.025, for the following parcels of property:
1.11 	(1) PIN 56-1-177000, the Stern Rubber project; and
1.12 	(2) PIN 56-1-179501, the Computer Associates project.
1.13 		Subd. 2.Qualifying expenses. Notwithstanding any law to the contrary, the 
1.14 	housing and redevelopment authority may use revenues derived from tax increments to 
1.15 	pay for site acquisition and improvement costs and for public infrastructure costs that 
1.16 	were incurred for the projects listed in subdivision 1 without regard to whether they were 
1.17 	paid or incurred before execution of the development agreement or whether they are 
1.18 	located within the project area.

1.19 	EFFECTIVE DATE. This section is effective for the first taxes payable year that 
1.20 	begins after compliance by the governing body of the city of Aitkin with the requirements 
1.21 	of Minnesota Statutes, section 645.021.