Bill Text: MN HF1508 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Minneapolis; public entertainment facility property tax exemption provided.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2013-03-13 - Introduction and first reading, referred to Taxes [HF1508 Detail]
Download: Minnesota-2013-HF1508-Introduced.html
1.2relating to the city of Minneapolis; providing property tax exemption for a public
1.3entertainment facility.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. PUBLIC ENTERTAINMENT FACILITY; PROPERTY TAX
1.6EXEMPTION; SPECIAL ASSESSMENT.
1.7Any real or personal property acquired, owned, leased, controlled, used, or occupied
1.8by the city of Minneapolis for the primary purpose of providing an arena for a professional
1.9basketball team is declared to be acquired, owned, leased, controlled, used, and occupied
1.10for public, governmental, and municipal purposes, and is exempt from ad valorem taxation
1.11by the state or any political subdivision of the state, provided that the properties are
1.12subject to special assessments levied by a political subdivision for a local improvement in
1.13amounts proportionate to and not exceeding the special benefit received by the properties
1.14from the improvement. In determining the special benefit received by the properties, no
1.15possible use of any of the properties in any manner different from their intended use for
1.16providing a professional basketball arena at the time may be considered. Notwithstanding
1.17Minnesota Statutes, sections272.01 , subdivision 2, or
273.19 , real or personal property
1.18subject to a lease or use agreement between the city and another person for uses related to
1.19the purposes of the operation of the arena and related parking facilities is exempt from
1.20taxation regardless of the length of the lease or use agreement. This section, insofar as it
1.21provides an exemption or special treatment, does not apply to any real property that is
1.22leased for residential, business, or commercial development, or to a restaurant that is open
1.23for general business more than 200 days a year, or for other purposes different from those
1.24necessary to the provision and operation of the arena.
2.1EFFECTIVE DATE.This section is effective the day after compliance by the
2.2governing body of the city of Minneapolis with Minnesota Statutes, section 645.021,
2.3subdivisions 2 and 3.
1.3entertainment facility.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. PUBLIC ENTERTAINMENT FACILITY; PROPERTY TAX
1.6EXEMPTION; SPECIAL ASSESSMENT.
1.7Any real or personal property acquired, owned, leased, controlled, used, or occupied
1.8by the city of Minneapolis for the primary purpose of providing an arena for a professional
1.9basketball team is declared to be acquired, owned, leased, controlled, used, and occupied
1.10for public, governmental, and municipal purposes, and is exempt from ad valorem taxation
1.11by the state or any political subdivision of the state, provided that the properties are
1.12subject to special assessments levied by a political subdivision for a local improvement in
1.13amounts proportionate to and not exceeding the special benefit received by the properties
1.14from the improvement. In determining the special benefit received by the properties, no
1.15possible use of any of the properties in any manner different from their intended use for
1.16providing a professional basketball arena at the time may be considered. Notwithstanding
1.17Minnesota Statutes, sections
1.18subject to a lease or use agreement between the city and another person for uses related to
1.19the purposes of the operation of the arena and related parking facilities is exempt from
1.20taxation regardless of the length of the lease or use agreement. This section, insofar as it
1.21provides an exemption or special treatment, does not apply to any real property that is
1.22leased for residential, business, or commercial development, or to a restaurant that is open
1.23for general business more than 200 days a year, or for other purposes different from those
1.24necessary to the provision and operation of the arena.
2.1EFFECTIVE DATE.This section is effective the day after compliance by the
2.2governing body of the city of Minneapolis with Minnesota Statutes, section 645.021,
2.3subdivisions 2 and 3.
