Minneapolis; special tax increment financing rules authorized.
HF 2839 authorizes Minneapolis' housing and redevelopment authority to establish up to three special tax increment financing (TIF) districts in the downtown area, bypassing standard state requirements. It allows these districts to include noncontiguous parcels, exempts them from certain spending restrictions, and permits using TIF funds to clear buildings for public parks. The bill requires districts to include areas where at least 50% of buildings need renovation for community safety or health reasons. These special rules expire for new districts by June 30, 2034. The bill directly affects Minneapolis' downtown redevelopment projects and property owners within designated TIF districts.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 26, 2025
Last action Mar 26, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Mar 26, 2025
Introduced
Introduction and first reading, referred to Taxes
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Katie Jones
DDemocratic-Farmer-Labor
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