Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

SF 498

as introduced - 90th Legislature (2017 - 2018) Posted on 01/31/2017 09:34am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18
1.19

A bill for an act
relating to taxation; economic development; providing permanent tax reduction
authority to border city enterprise zones; amending Minnesota Statutes 2016,
section 469.169, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2016, section 469.169, is amended by adding a subdivision
to read:


new text begin Subd. 20. new text end

new text begin Additional border city allocations. new text end

new text begin (a) In addition to the tax reductions
authorized in subdivisions 12 to 19, the commissioner shall annually allocate $3,000,000
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 sections
469.171, 469.1732, and 469.1734, 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.
new text end

new text begin (b) The allocations under this subdivision do not cancel or expire, but remain available
until used by the city.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2017.
new text end