Minnesota bill extends five- and six-year rules for certain tax increment financing districts and removes income restrictions for certain housing.

The bill amends Minnesota Statutes to extend the five- and six-year rules for certain tax increment financing districts, allowing more time for development activities. It also removes income restrictions for housing districts, making them more accessible. The changes apply to districts certified after June 30, 2025.

Minnesota bill extends five- and six-year rules for certain tax increment financing districts and removes income restrictions for certain housing.

The bill amends Minnesota Statutes to extend the five- and six-year rules for certain tax increment financing districts, allowing more time for development activities. It also removes income restrictions for housing districts, making them more accessible. The changes apply to districts certified after June 30, 2025.