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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 1463 - City of Eagan; Temporary Tax Increment Financing Authority
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Author:
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Senator Jim Carlson
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Prepared By:
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Eric S. Silvia, Senate Counsel (651/296-1771)
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Date:
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March 25, 2013
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S.F. 1463 authorizes the city of Eagan to spend tax increment from existing TIF districts to assist in developing the former Lockheed property at 3333 Pilot Knob Road. To qualify, construction must begin by June 30, 2015. The authority provided under this section expires on June 30, 2016.
This bill mirrors a provision in the 2010 jobs bill that allowed tax increment from existing TIF districts to be spent on private construction. That authority expired on December 31, 2012.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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Last review or update: 03/25/2013
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