Tax increment financing; special rules proposed for the city of St. Paul.

HF 2035 modifies tax increment financing (TIF) rules specifically for St. Paul's Ford Site Redevelopment TIF District. It allows the city's housing authority to waive receiving tax increments for the first four years or until taxes from 2023 are received, whichever comes first. The bill also adjusts the district's certification date for TIF limits and extends the required use period for tax increments from five to ten years. These changes directly affect St. Paul's ability to manage funding for the Ford Site redevelopment project under state TIF rules. The bill takes effect after St. Paul complies with specific administrative requirements.