SF 2037

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; abatement; authorizing the city
of Bemidji to extend the duration of an economic
development abatement.

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

Section 1. new text begin CITY OF BEMIDJI; DURATION EXTENSION FOR TAX
ABATEMENT.
new text end

new text begin Notwithstanding the limitation in Minnesota Statutes,
section 469.1813, subdivision 6, the city of Bemidji may extend
the duration of the tax abatement for development within the
fairgrounds district of the city for an additional four years
beyond the duration permitted under that section.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon compliance
by the city of Bemidji with the provisions of Minnesota
Statutes, section 645.021.
new text end