SF 304

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to the city of Luverne; allowing the city to 
  1.3             provide border development zone tax incentives; 
  1.4             providing an allocation of state tax reductions for 
  1.5             the city; appropriating money. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [CITY OF LUVERNE.] 
  1.8      Subdivision 1.  [AUTHORIZATION.] The governing body of the 
  1.9   city of Luverne may designate between one and six areas of the 
  1.10  city as border city development zones.  The total area of the 
  1.11  zones may not exceed 100 acres. 
  1.12     Subd. 2.  [APPLICATION OF GENERAL LAW.] (a) The provisions 
  1.13  of Minnesota Statutes, sections 469.1731 to 469.1735, apply to 
  1.14  the border city development zones designated under this section. 
  1.15  The governing body of the city may exercise the powers granted 
  1.16  under Minnesota Statutes, sections 469.1731 to 469.1735, 
  1.17  including powers that apply outside of the zones. 
  1.18     (b) The allocation under subdivision 3 for purposes of 
  1.19  Minnesota Statutes, section 469.1735, subdivision 2, and the 
  1.20  necessary amount of the allocation is appropriated to the 
  1.21  commissioner of revenue. 
  1.22     Subd. 3.  [ALLOCATION OF STATE TAX REDUCTIONS.] (a) The 
  1.23  cumulative total amount of tax reductions for all years of the 
  1.24  program under Minnesota Statutes, sections 469.1731 to 469.1735, 
  1.25  is limited to $183,000. 
  2.1      (b) This allocation may be used for tax reductions provided 
  2.2   in Minnesota Statutes, section 469.1732 or 469.1734, or for 
  2.3   reimbursements under Minnesota Statutes, section 469.1735, 
  2.4   subdivision 3, but only if the governing body of the city of 
  2.5   Luverne determines that the tax reduction or offset is necessary 
  2.6   to enable a business to expand within a city or to attract a 
  2.7   business to the city. 
  2.8      (c) The commissioner of revenue may waive the limit under 
  2.9   this subdivision using the same rules and standards provided in 
  2.10  Minnesota Statutes, section 469.169, subdivision 12, paragraph 
  2.11  (b). 
  2.12     Subd. 4.  [EFFECTIVE DATE.] This section is effective upon 
  2.13  compliance by the governing body of the city of Luverne with the 
  2.14  requirements of Minnesota Statutes, section 645.021.