HF 515

as introduced - 88th Legislature (2013 - 2014) Posted on 02/14/2013 01:53pm

A bill for an act
relating to taxation; providing a supplemental allocation for the border city
program; amending Minnesota Statutes 2012, section 469.169, by adding a
subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2012, section 469.169, is amended by adding a
subdivision to read:

new text begin Subd. 19. new text end

new text begin Additional border city allocation; 2013. new text end

new text begin (a) In addition to the tax
reductions authorized in subdivisions 12 to 18, the commissioner shall allocate $1,000,000
for tax reductions to border city enterprise zones in cities located on the western border
of the state. The commissioner shall allocate this amount among cities on a per capita
basis. Allocations made under this subdivision may be used for tax reductions under
section 469.171, or for other offsets of taxes imposed on or remitted by businesses located
in the enterprise zone, but only if the municipality determines that the granting of the tax
reduction or offset is necessary to retain a business within or attract a business to the zone.
The city alternatively may elect to use any portion of the allocation under this paragraph
for tax reductions under section 469.1732 or 469.1734.
new text end

new text begin (b) The commissioner shall allocate $1,000,000 for tax reductions under section
469.1732 or 469.1734 to cities with border city enterprise zones located on the western
border of the state. The commissioner shall allocate this amount among the cities on a per
capita basis. The city alternatively may elect to use any portion of the allocation provided
in this paragraph for tax reductions under section 469.171.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2013.
new text end