SF3918 (Legislative Session 94 (2025-2026))
City of Chaska special tax increment financing authority provision
Related bill: HF3450
AI Generated Summary
Purpose
This bill would give the City of Chaska a special authority to use tax increment financing (TIF) for its Chaska Tax Increment Financing District No. 23. Specifically, it would allow the Chaska Economic Development Authority to collect tax increment from that district for up to 35 years after the first increment, even though this would override the usual limit set by current state law.
Main provisions
- Notwithstanding Minnesota Statutes section 469.176 subdivision 1b, the Chaska Economic Development Authority may collect tax increment from Chaska Tax Increment Financing District No. 23.
- The collection period can be up to 35 years after the receipt of the first increment.
Significant changes to existing law
- Adds a district-specific exception that overrides the standard TIF time limit (via the Notwithstanding clause) for District No. 23 in Chaska.
- Establishes a longer, targeted financing window (up to 35 years) for this district, enabling extended use of future tax increments to support development projects there.
Practical implications
- The city can potentially fund development projects in District No. 23 for a longer period (up to 35 years) using increases in property tax revenue generated by new or improved value within the district.
- This is a targeted policy change rather than a general reform to TIF rules statewide.
Relevant Terms - Tax Increment Financing (TIF) - Tax increment - Chaska Economic Development Authority - Chaska Tax Increment Financing District No. 23 - Minnesota Statutes section 469.176 subdivision 1b - Notwithstanding - first increment - 35 years
Bill text versions
- Introduction PDF PDF file
Past committee meetings
- Taxes on: March 18, 2026 08:30
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 26, 2026 | Senate | Action | Introduction and first reading | ||
| February 26, 2026 | Senate | Action | Referred to | Taxes |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "Notwithstanding Minn. Stat. 469.176, subdivision 1b, this act allows the Chaska Economic Development Authority to collect tax increments from Chaska Tax Increment Financing District No. 23 for up to 35 years after receipt of the first increment.",
"modified": []
},
"citation": "469.176",
"subdivision": "1b"
}
]Progress through the legislative process
In Committee