A bill for an act
relating to taxation; providing special authority and provisions related to property
taxes, tax increment financing, and sales and use taxes for certain projects in the
city of Brooklyn Park; providing special tax increment financing authority;
providing special property tax abatement authority; authorizing establishment of
a value capture district; providing a refundable sales and use tax exemption for
construction materials; appropriating money.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Upon the termination of Tax Increment
Financing District No. 20 within the city of Brooklyn Park, under the special rules established
in subdivision 2, the economic development authority of the city of Brooklyn Park or city
of Brooklyn Park may establish one or more redevelopment tax increment financing districts
located wholly within the area of the city of Brooklyn Park. The districts may be comprised
of the following parcels identified by their current parcel identification numbers:
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