Minnesota SF2405 modifies housing and redevelopment authority levy limits.

Minnesota SF2405 amends the housing and redevelopment authority levy limits, allowing these authorities to levy a tax on all taxable property within their operation area, not exceeding 0.037 percent of estimated market value. The tax is collected by the county treasurer and kept in a separate fund. The levy amount is based on the authority's annual budget, which must be formulated and filed by August 1.

Minnesota SF2405 modifies housing and redevelopment authority levy limits.

Minnesota SF2405 amends the housing and redevelopment authority levy limits, allowing these authorities to levy a tax on all taxable property within their operation area, not exceeding 0.037 percent of estimated market value. The tax is collected by the county treasurer and kept in a separate fund. The levy amount is based on the authority's annual budget, which must be formulated and filed by August 1.