The bill proposes to allow Ramsey County to extend the redemption period for certain properties sold to the state at a tax judgment sale. Specifically, it establishes a three-year redemption period for lands that are, or were previously, located in a targeted community as defined in Minnesota Statutes, and that were sold to the state due to delinquent taxes for the year 2021 or later. This change aims to provide additional time for property owners in these communities to reclaim their properties.

Additionally, the bill includes a provision that specifies the effective date of this section, which will take effect the day after Ramsey County's governing body and its chief clerical officer fulfill the requirements outlined in Minnesota Statutes. This legislative change is intended to support property owners in targeted communities by offering them a longer timeframe to redeem their properties after a tax judgment sale.