HF 1804

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; extending the duration of 
  1.3             certain enterprise zones; amending Minnesota Statutes 
  1.4             1994, section 469.169, subdivision 9. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1994, section 469.169, 
  1.7   subdivision 9, is amended to read: 
  1.8      Subd. 9.  [ADDITIONAL BORDER CITY ALLOCATIONS.] In addition 
  1.9   to tax reductions authorized in subdivisions 7 and 8, the 
  1.10  commissioner may allocate $1,100,000 for tax reductions to 
  1.11  border city enterprise zones in cities located on the western 
  1.12  border of the state, and $300,000 to the border city enterprise 
  1.13  zone in the city of Duluth.  The commissioner shall make 
  1.14  allocations to zones in cities on the western border by 
  1.15  evaluating which cities' applications for allocations relate to 
  1.16  business prospects that have the greatest positive economic 
  1.17  impact.  Allocations made under this subdivision may be used for 
  1.18  tax reductions as provided in section 469.171, or other offsets 
  1.19  of taxes imposed on or remitted by businesses located in the 
  1.20  enterprise zone, but only if the municipality determines that 
  1.21  the granting of the tax reduction or offset is necessary in 
  1.22  order to retain a business within or attract a business to the 
  1.23  zone.  Limitations on allocations under section 469.169, 
  1.24  subdivision 7, do not apply to this allocation.  Enterprise 
  1.25  zones that receive allocations under this subdivision may 
  2.1   continue in effect for purposes of those allocations through 
  2.2   December 31, 1994 1995. 
  2.3      Sec. 2.  [EFFECTIVE DATE.] 
  2.4      Section 1 is effective January 1, 1995.