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Taxes

FORTY-NINTH MEETING

2009-2010 Regular Session - Tuesday, February 16, 2010

STATE OF MINNESOTA FORTY-NINTH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-SIXTH SESSION


TAXES COMMITTEE

OFFICIAL MINUTES


Representative Lenczewski, Chair of the Committee, called meeting to order at 10:46 A.M. on Tuesday, February 16, 2010 in room 10 of the State Office Building.

The Committee Legislative Assistant noted the roll:

Members Present:
LENCZEWSKI, Ann (Chair)
ANDERSON, Sarah
BROD, Laura
CARLSON, Lyndon
DAVIDS, Greg
DAVNIE, Jim
DEMMER, Randy
DILL, David
DITTRICH, Denise
DOWNEY, Keith
EASTLUND, Rob
GARDNER, Paul
GAROFALO, Pat
HILSTROM, Deb
KOENEN, Lyle
LANNING, Morrie
LESCH, John
LIEBLING, Tina
LOEFFLER, Diane
LOON, Jenifer
MARQUART, Paul
MULLERY, Joe
MURPHY, Erin
REINERT, Roger
RUKAVINA, Tom
RUUD, Maria
SOLBERG, Loren
TILLBERRY, Tom
ZELLERS, Kurt

Members Excused:
KOHLS, Paul

A quorum was present.

Joel Michael, House Research, presented pages 16 through 23 of HF2695 (Lenczewski).

HF2695-Lenczewski -Job creation encouraged, tax credits allowed for job growth investment credit and historic structure rehabilitation, deduction of certain dividends disallowed, special assessment use for energy conservation improvements expanded, permitted use of tax increment financing expanded, Bloomington's development restrictions of the Mall of America site repealed, and money appropriated.

Testifying before the committee was:

Ross Olson, City Administrator, Sauk Rapids
Todd Schultz, Community Economic Development Director, Sauk Rapids
Abraham G. Algadi, City Administrator, Pine Island
Jonathon Eickhoff, Finance Director, Pine Island
Gene Ranieri, City of Minneapolis
Rick Collins, Ryan Companies
Peter Coyle, Larkin Hoffman
John Herman, Faegre and Benson
Greg Miller, Interstate Partners
Mike McGuire, Mayor, Eagan
Jon Hohenstein, Community Development Director, Eagan
Bruce Nordquist, Community Development Director, Apple Valley
Amy Baldwin, Business Developer, City of Brooklyn Park
Ron Christenson, Christenson Corporation
Craig Waldron, City Administrator, City of Oakdale
Bob Streetar, Community Development Director, City of Oakdale
Scott Quick, International Motorsports Entertainment and Development Corporation
Jim Farnum, International Motorsports Entertainment and Development Corporation

Representative Lenczewski, Chair of the Committee, adjourned the meeting at 11:56A.M.


________________________________________
Representative Ann Lenczewski, Chair

_______________________________________
Sasha Bergman, Committee Legislative Assistant
More Info On This Meeting..

Open Forum for Cities, Developers, Contractors and others to propose changes in the TIF law for individual projects that currently have a developer.
The House Tax Committee is interested in learning what reasonable flexibility could be provided to stimulate the construction of new building projects across Minnesota. The committee is interested in projects that will begin construction no later than June 2011.