2020 Minnesota Bill 21-00317 Authorizing Land Value Taxation Districts

The Minnesota House of Representatives proposed the creation of land-value taxation districts in Minnesota cities, allowing the establishment of such districts by city ordinances. The bill outlines the process for establishing a land-value taxation district, including defining district parcels, procedures for tax reallocation, and an economic impact evaluation. The bill also specifies tax reallocation procedures, tax bases, and restrictions.