1.1 	A bill for an act
1.2 	relating to the city of Taylors Falls; authorizing the
1.3 	city of Taylors Falls to establish and exercise border
1.4 	city development zone powers.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. CITY OF TAYLORS FALLS; BORDER CITY DEVELOPMENT
1.7 	ZONE.
 1.8 		Subdivision 1.Authorization. The governing body of the
1.9 	city of Taylors Falls may designate all or any part of the city
1.10 	as a border city development zone.
1.11 		Subd. 2.Application of general law. (a) Minnesota
1.12 	Statutes, sections 469.1731 to 469.1735, apply to the border
1.13 	city development zones designated under this section.  The
1.14 	governing body of the city may exercise the powers granted under
1.15 	Minnesota Statutes, sections 469.1731 to 469.1735, including
1.16 	powers that apply outside of the zones.
1.17 	(b) The allocation under subdivision 3 for purposes of
1.18 	Minnesota Statutes, section 469.1735, subdivision 2, is
1.19 	appropriated to the commissioner of revenue.
1.20 		Subd. 3.Allocation of state tax reductions. (a) The
1.21 	cumulative total amount of the state portion of the tax
1.22 	reductions for all years of the program under Minnesota
1.23 	Statutes, sections 469.1731 to 469.1735, for the city of Taylors
1.24 	Falls, is limited to $100,000.
1.25 	(b) This allocation may be used for tax reductions provided
2.1 	in Minnesota Statutes, section 469.1732 or 469.1734, or for
2.2 	reimbursements under Minnesota Statutes, section 469.1735,
2.3 	subdivision 3, but only if the governing body of the city of
2.4 	Taylors Falls determines that the tax reduction or offset is
2.5 	necessary to enable a business to expand within the city or to
2.6 	attract a business to the city.
2.7 	(c) The commissioner of revenue may waive the limit under
2.8 	this subdivision using the same rules and standards provided in
2.9 	Minnesota Statutes, section 469.169, subdivision 12, paragraph
2.10 	(b).

2.11 	Sec. 2. EFFECTIVE DATE; LOCAL APPROVAL.
 2.12 	Section 1 is effective upon approval by the governing body
2.13 	of the city of Taylors Falls and upon timely compliance by the
2.14 	city with Minnesota Statutes, section 645.021.