SF 2463 Minnesota Senate · 2025-2026 Regular Session

Marshall tax increment financing special rules authorization

This bill authorizes the city of Marshall to use tax increment financing (TIF) funds collected from three specific districts (TIF Districts 1-1, 1-7, and 2-1) through December 31, 2027, instead of the standard timeline. It directly affects Marshall's city government and the TIF districts involved, allowing them to spend or invest these funds by the extended deadline. The key provision requires any unused TIF funds, including interest or investment earnings, to be returned to the TIF districts by the end of 2027 if not spent by that date. The bill does not create new policy but extends an existing TIF rule for Marshall's specific districts.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 13, 2025 Last action Mar 13, 2025
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Total actions
2
Key actions
0
Committee
1
Mar 13, 2025
Committee
Referred to Taxes
upper
Mar 13, 2025
Introduced
Introduction and first reading
upper
1 primary · 2 co-sponsors

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