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<br />tIcly 172882 15:Z?:5B Ilia Pax <br /> <br />-) <br /> <br />,.,...!\ <br />........." <br />.-..- <br />LMC <br /> <br />651 429 BG2'3 AdJn i nistrator <br /> <br />" <br /> <br />Pll8C BB2 Of BB3 <br /> <br />, <br /> <br />-FridayFax- <br /> <br />A weeldy IeglsllZllve uptiarefrom 1M League of Minnesola Clites <br /> <br />'....,......f M/...... (-IHq.o <br />Cit.w~Ilt'~t.,,"&w.>.r <br /> <br />SailS alUllodgm, twces <br /> <br />. The liSles lax exemption for construction <br />malerials for low-income housing is expanded 10 <br />include more Iypes of housill8 projects. <br /> <br />- Exemption from sales lax for construclion or <br />renovalion of facililies owned or operated by <br />nonprofit arts organizalions if these projects <br />receive funding in lhe 2002 bonding bill. <br /> <br />. Authorizalion for Bloomington 10 increase ilS <br />lodging lax {10m one 10 Iwo pelCeDl upon local <br />approval. <br /> <br />. Aulhorization for Rochesler to impose an <br />addilional one-pelcenllodgill8 tax. <br /> <br />. Authorizalion for six cilies in SL Cloud area to <br />impose a one. half percent local sales lax 10 fund <br />improvements 10 regional airport. Extra proceeds <br />may be used for olher projects of regIonal scope <br />including parks, libraries, communily centers, <br />and roadway improvemenlS. The cities of <br />SL Ooud and Sarlell have already received voter <br />approval; the cilies of Sauk Rapids, Waite Park. <br />St. Joseph and SI. Augusla musl slill receive <br />vOler approval. <br /> <br />- Delay of Ihe slale administration of Ihe Duluth <br />sales tax unlil January 1, 2006. <br /> <br />Tax increment fllUUlcm, provisions <br /> <br />- The city of Moorhead is authorized 10 levy a <br />properly lax on commercial. industrial properly <br />and public utility property to pay for pre-existing <br />laX increment financill8 (TIF) obligations. The <br />amount of the levy is limited to the amount <br />needed 10 pay for deficits in TIF districlS caused <br />by the property tax class rate changes and the <br />elimination of lhe slate general education levy <br />contained in the 2001 lax bill. <br /> <br />- The Iypes of propelly lhal qualify fOI lhe <br />property tax exemplion under the bordel cily <br />development zone law are expanded to include <br />hcusing (homestead and non.homestead <br />residential and apartmenlbuiJdings). Effective for <br /> <br />May 17, 2002 <br />Page 2 <br />the 2003 assessmenl year. Border cit y <br />development zone alloC/ltions are also authorized <br />to be used to grant sales tax exemplions for <br />conslruction matelials for housing thai is localed <br />in the zone. Effective for sales made aflel June 3, <br />2002. <br /> <br />- Cilies ale authorized to use the deficit reduction <br />provisions (allowill8 Ihe original lax rale 10 float <br />and changing the fiscal disparilies election) <br />without being requiled 10 pool available <br />increments from olhel districts firsllo leduce the <br />deficits. Effective fOI actions laken and <br />lesolutions approved after Iune 30, 2002. <br /> <br />- Twenly-year propelty lax abatements ale <br />authorized for businesses with at Ieasl 50 percent <br />of lheil payml! payable 10 employees who arc <br />engaged in manufacturing. aglicullural <br />processing, mining, research and development, <br />wale housing, or qualified high lechnology. The <br />authority to grant 20-yeal abalements to qualified <br />businesses expires July 1. 2004. <br /> <br />- The cilies of Rushford and Minneapolis and <br />Dakota County wele granted Ihe authority to <br />exlend Ihe duratiom of cerlain TIF disllicts. The <br />cily of Albert Lea was granled the authority 10 <br />create a TIF district without cellain genelal TIF <br />law restrictions. <br /> <br />Misce11a.neous <br /> <br />- The cily of Thief River Falls is aulhorized 10 <br />incorpolale a nonprofil corporation to operate a <br />community or regional cenlel. <br /> <br />&pealers <br /> <br />- Repeals Laws 2001, First Special Session <br />chaplel S, allide 3, section 88. This provision <br />authoIized Chisago Cily 10 Plovide <br />reimbursement fOI olderly annexalion of property <br />Ie the lown of Wyoming for Ihe period and in Ihe <br />amounts agreed to by the cily and lown under a <br />joint powel'll agreement. <br /> <br />For more In!ormalion on city 11&(slll(ve iSlllill, eont&c.t Iny milmb<< of lM LAaau of Mlnnoo\l em.. Inl81SOV.lun.nlal a.t.llonlli leArn. <br />651.281.1200 or 800.925.1122 <br />