Purpose

The bill would authorize Minnesota cities to create a specialized local area called a land value taxation district. It creates a new framework (Minnesota Statutes Chapter 428A) to define terms, establish districts by ordinance, and govern how these districts operate.

Key Definitions

• Scope: The definitions apply to sections 428A.30 through 428A.34.
• City: A statutory or home rule charter city.
• District: A land value taxation district created under the rules in section 428A.31.
• Ordinance: The formal city action that establishes a land value taxation district under section 428A.31.

Main Provisions

• Establishes a new set of rules (Chapter 428A) for land value taxation districts.
• Allows cities to create a land value taxation district using an ordinance.
• Identifies the district as a “landvalue taxation district” established under section 428A.31.
• Defines the terms and the process through which districts are created and governed (covering sections 428A.30 to 428A.34).

Significant Changes to Existing Law

• Introduces a new statutory framework (Chapter 428A) specifically for land value taxation districts.
• Gives cities the authority to create and regulate these districts by adopting an ordinance.
• Sets up defined terms (city, district, ordinance) and ties them to the new sections (428A.30–428A.34), changing how property tax rules could apply within those districts.

Relevant Terms landvalue taxation district District Ordinance City Minnesota Statutes chapter 428A section 428A.31 sections 428A.30 to 428A.34 land value taxation