The bill designates the city of Sartell as a "Destination Medical Center Community" and establishes a "medical enterprise zone" within the city. This new designation allows Sartell to utilize targeted tax incentives for infrastructure and economic development specifically aimed at medical development, technology, and medical manufacturing. The Sartell city council is tasked with identifying a geographic area within the city to collect newly established corporate taxes, individual income taxes, and state commercial-industrial property taxes, which will be exclusively allocated for medical enterprise purposes.

Additionally, the bill proposes new legal language to be added to Minnesota Statutes, chapter 469, specifically under section [469.208], which outlines the definitions and purposes of the medical enterprise zone. The effective date of this section is set for the day following its final enactment.