SF 2177

as introduced - 88th Legislature (2013 - 2014) Posted on 03/04/2014 09:10am

A bill for an act
relating to economic development; border city development zones; authorizing
Washington County to designate cities within its jurisdiction as development
zones; appropriating money.

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

Section 1. new text begin WASHINGTON COUNTY; BORDER CITY DEVELOPMENT ZONES.
new text end

new text begin Subdivision 1. new text end

new text begin Authorization. new text end

new text begin The governing body of Washington County may
designate all or any part of a city within its jurisdiction as a border city development zone.
new text end

new text begin Subd. 2. new text end

new text begin Application of general law. new text end

new text begin (a) Minnesota Statutes, sections 469.1731 to
469.1735, apply to the border city development zones designated under this section. The
governing body of Washington County may exercise the powers granted under Minnesota
Statutes, sections 469.1731 to 469.1735, including powers that apply outside of the zones.
new text end

new text begin (b) The allocation under subdivision 3 for purposes of Minnesota Statutes, section
469.1735, subdivision 2, is appropriated to the commissioner of revenue.
new text end

new text begin Subd. 3. new text end

new text begin Allocation of state tax reductions. new text end

new text begin (a) The cumulative total amount of the
state portion of the tax reductions for all years of the program under Minnesota Statutes,
sections 469.1731 to 469.1735, for Washington County, is limited to $250,000.
new text end

new text begin (b) This allocation may be used for tax reductions provided in Minnesota Statutes,
section 469.1732 or 469.1734, or for reimbursements under Minnesota Statutes, section
469.1735, subdivision 3, but only if the governing body of Washington County determines
that the tax reduction or offset is necessary to enable a business to expand within the
designated border city or to attract a business to the designated border city.
new text end

new text begin (c) The commissioner of revenue may waive the limit under this subdivision using
the same rules and standards provided in Minnesota Statutes, section 469.169, subdivision
12, paragraph (b).
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective upon compliance by the governing
body of Washington County with the requirements of Minnesota Statutes, section 645.021,
subdivisions 2 and 3.
new text end