Housing and redevelopment authority levy limits modification

This bill modifies the maximum tax rate that housing and redevelopment authorities in Minnesota can levy on property within their districts. It increases the cap from 0.0185% to 0.037% of a property's estimated market value, effectively doubling the allowable tax rate. Property owners within these authority districts will be subject to this higher tax, which is collected alongside regular local property taxes by county auditors. The revenue generated must be deposited into a dedicated "housing and redevelopment project fund" and spent exclusively on projects authorized under Minnesota Statutes sections 469.001 to 469.047.