SF 4067

as introduced - 90th Legislature (2017 - 2018) Posted on 05/08/2018 08:57am

A bill for an act
relating to taxation; economic development; modifying border city enterprise
zones; amending Minnesota Statutes 2016, section 469.171, subdivision 4.

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

Section 1.

Minnesota Statutes 2016, section 469.171, subdivision 4, is amended to read:

Subd. 4.

Restriction.

The tax reductions provided by this section shall not apply to (1)
a facility the primary purpose of which is one of the following: deleted text begin retail food and beverage
services, automobile sales or service, or deleted text end the provision of recreation or entertainment, or a
private or commercial golf course, country club, massage parlor, tennis club, skating facility
including roller skating, skateboard, and ice skating, racquet sports facility, including any
handball or racquetball court, hot tub facility, suntan facility, or racetrack; (2) property of
a public utility; (3) property used in the operation of a financial institution; (4) property
owned by a fraternal or veterans' organization; or (5) deleted text begin property of a business operating under
a franchise agreement that requires the business to be located in the state; except that tax
reductions may be provided to a retail food or beverage facility or an automobile sales or
service facility, or a business deleted text end new text begin a retail food or beverage facility new text end operating under a franchise
agreement that requires the business to be located in this state deleted text begin except for such a franchised
retail food or beverage facility deleted text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment and
confirms the legislative intent of the amendment made by Laws 2012, chapter 294, article
2, section 25.
new text end