2023 Changes to the TIF Act
This webinar was held September 27, 2023.
Significant changes were made to the TIF Act by the Minnesota Legislature in 2023. This webinar is meant to provide a robust review of the law changes which included important revisions to various pooling and administrative expense provisions, along with clarifications to the TIF Act’s violations statute, and a few other miscellaneous changes. This training is recommended for professionals involved in the decision making and administration of TIF.
Navigation
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00:13 - Overview 01:46 - Miscellaneous General Law Changes 04:50 - Special Laws 06:00 - Administrative Expense Definition Changes 10:48 - Administrative Expense Limit Changes 20:14 - Violation Statutes Changes 23:00 - Pooling Overview/Context 29:30 - Pooling Technical Clarifications 32:23 - Pooling Limit Calculation Changes 40:58 - Five-Year Rule ("In-" vs "Out-" Activities) 48:50 - Six-Year Rule Overview/Context 51:07 - Six-Year Rule Removal of Annual Limitation on Pooling Changes |
55:52 - Six-Year Rule Paragraph Early Decertification Requirement Changes 1:03:53 - Six-Year Rule Paragraph (A) Revenue Calculation 1:09:55 - Six-Year Rule Paragraph (B) PAYG and Parcel Removals 1:22:48 - Six-Year Rule Paragraph (C) Grandfather Provision 1:24:34 - Six-Year Rule Paragraph (D), (E), And (F) Definitions and Clarifications 1:27:15 - Six-Year Rule Paragraph (G) Timing and Procedures for Required Decertification 1:33:58 - Six-Year Rule Paragraph (H) Housing District Clarification 1:34:31 - Six-Year Rule Paragraph (I) 2(d) Pooling 1:46:44 - Contact Information |
Handouts
Additional Resources
Video "How to Monitor the Six-Year Rule"
Statement of Position: TIF Five-Year Rule and Six-Year Rule
Please visit the Training Opportunities page for more videos related to tax increment financing (TIF).