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SF1994 (Legislative Session 94 (2025-2026))

Moorhead tax increment financing district No. 31 5 year rule extension authorization

Related bill: HF2053

AI Generated Summary

Purpose

The bill would grant Moorhead a special rule for its Tax Increment Financing (TIF) District No. 31, extending the time available to accumulate and use tax increment funds for redevelopment within that district.

Main Provisions

  • Extends the five-year period for the TIF rule (as described in Minnesota Statutes section 469.1763, subdivision 3) from 5 years to 10 years for Tax Increment Financing District No. 31 in the city of Moorhead.
  • Extends the period for using tax increment after the expiration of the five-year period (as described in Minnesota Statutes section 469.1763, subdivision 4) to 11 years for Tax Increment Financing District No. 31 in Moorhead.
  • Applies specifically to Moorhead’s District No. 31 and authorizes these special rules for that district.

Scope and Target

  • Applies only to Tax Increment Financing District No. 31 in the city of Moorhead.
  • Establishes Moorhead as eligible for extended TIF timeframes for this district.

Changes to Existing Law

  • Amends Minnesota Statutes 469.1763, subdivisions 3 and 4 (the five-year rule and the post-expiration use of increment) to extend the timeframes for Moorhead’s District No. 31.

Implications

  • The city can plan and fund redevelopment projects over a longer period using tax increments, potentially enabling larger or more ambitious projects within District No. 31.
  • The change is targeted to one district, so broader state TIF rules remain unchanged for other areas.

Notes for Clarity

  • Key terms include Tax Increment Financing (TIF), increment, District No. 31, Moorhead, and the referenced statutory subdivisions (469.1763, subdivision 3 and subdivision 4).

Relevant Terms Tax Increment Financing, TIF, increment, District No. 31, Moorhead, five-year rule, ten years, 11 years, Minnesota Statutes, 469.1763, subdivision 3, subdivision 4, special rules.

Bill text versions

Past committee meetings

  • Taxes on: March 12, 2025 08:30

Actions

DateChamberWhereTypeNameCommittee Name
February 27, 2025SenateActionIntroduction and first reading
February 27, 2025SenateActionReferred toTaxes
SenateActionSee

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill extends the five-year period under Minnesota Statutes section 469.1763, subdivision 3 to ten years for Tax Increment Financing District No. 31 in Moorhead.",
      "modified": [
        "Extends the five-year period from five years to ten years."
      ]
    },
    "citation": "469.1763",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill extends the period under Minnesota Statutes section 469.1763, subdivision 4 relating to the use of increment after the expiration of the five-year period to 11 years for Tax Increment Financing District No. 31 in Moorhead.",
      "modified": [
        "Extends the use of increment after expiration of the five-year period to 11 years."
      ]
    },
    "citation": "469.1763",
    "subdivision": "subdivision 4"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors

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