HF3773 Summary

• Rochester may impose an additional one percent tax on gross receipts from lodging at hotels, motels, rooming houses, tourist courts, or resorts for stays shorter than 30 days.

• Rochester may impose an additional one percent tax on food and beverage gross receipts, but only upon approval of the city governing body for a total financial package for a project.

• Gross proceeds from the lodging tax must fund a local convention or tourism bureau for marketing and promoting Rochester as a tourist or convention center.

• Gross proceeds from the food and beverage tax must pay for construction, renovation, improvement, and expansion of the Mayo Civic Center Complex and related infrastructure, plus bond payments.

• Rochester may issue up to $43,500,000 in general obligation bonds without an election to finance the Mayo Civic Center Complex design and construction, with both taxes pledged to repay the bonds; taxing authority expires after principal and interest payments are complete or by December 31, 2014, whichever is earlier.