How to Monitor the Six-Year Rule

This instructional video gives an overview of how to track compliance with the Six-Year Rule.

 

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0:00:08 - Overview

0:00:26 - Step 1: Identify The Key Dates/Years

0:02:17 - When You Reach Year Six

0:03:38 - Step 2: Identify In-District Costs/Obligations

0:07:16 - Step 3: Identify The Applicable In-District %

0:07:46 - Step 4: Calculate The Revenue Benchmark

0:12:04 - Step 5: Identify Cumulative Revenues

0:14:20 - Step 6: Determine If Decertification Required

0:14:50 - Step 7: Determine if a Deferral Applies

0:17:59 - Step 8: Determine if Parcel Removal Required

0:18:58 - Tracking Tool

0:19:34 - Other Resources

Additional Resources

Statute: Minn. Stat. § 469.1764, subd. 4

Six-Year Rule Tracking Tool

Video "The Six-Year Rule"

Statement of Position: TIF Five-Year Rule and Six-Year Rule

Webinar: "2023 TIF Law Changes" 

Please visit the Training Opportunities page for more videos related to tax increment finance (TIF).