SF 443

1st Engrossment - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to tax increment financing; exempting 
  1.3             districts established for purpose of constructing or 
  1.4             expanding an agricultural processing facility from 
  1.5             certain aid reductions; amending Minnesota Statutes 
  1.6             1994, section 273.1399, by adding a subdivision. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1994, section 273.1399, is 
  1.9   amended by adding a subdivision to read: 
  1.10     Subd. 7.  [EXEMPTION; AGRICULTURAL PROCESSING 
  1.11  FACILITIES.] The provisions of this section do not apply to a 
  1.12  tax increment financing district that satisfies all of the 
  1.13  following requirements: 
  1.14     (1) the district is established to construct or expand an 
  1.15  agricultural processing facility; 
  1.16     (2) the construction or expansion of the facility creates, 
  1.17  or upon completion will create, a minimum of five permanent 
  1.18  full-time jobs; 
  1.19     (3) the district is located outside of the seven-county 
  1.20  metropolitan area, as defined in section 473.121; 
  1.21     (4) the tax increment financing plan was approved by a 
  1.22  resolution of the county board; 
  1.23     (5) the total amount of increment for the district does not 
  1.24  exceed $1,500,000; and 
  1.25     (6) the commissioner of agriculture has certified to the 
  1.26  county auditor that the requirements of this subdivision have 
  2.1   been met. 
  2.2      For purposes of this section, "agricultural processing 
  2.3   facility" means land, buildings, structures, fixtures, and 
  2.4   improvements used or operated primarily for the processing or 
  2.5   production of marketable products from agricultural crops, 
  2.6   including waste and residues from agricultural crops, and 
  2.7   including livestock products, poultry products, and wood 
  2.8   products, but not the raising of livestock or poultry. 
  2.9      Sec. 2.  [EFFECTIVE DATE.] 
  2.10     Section 1 is effective for taxes payable in 1996, and 
  2.11  thereafter, and applies to districts for which certification is 
  2.12  requested after the date of final enactment.