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MN HF2352
Bill
Status
Introduced
2/20/2012
Primary Sponsor
Duane Quam
Click for details
AI Summary
- Increases the additional lodging tax authority for Rochester from one percent to three percent on gross receipts from furnishing lodging, excluding continuous rentals of 30+ days
- Proceeds from the three percent tax must fund construction, renovation, and expansion of the Mayo Civic Center Complex, related infrastructure, and payment of bonds issued for these purposes
- Authorizes Rochester to issue up to $43,500,000 in general obligation bonds without an election, payable from the three percent lodging tax
- Extends the expiration date of the taxing authority from December 31, 2014 to December 31, 2016, ending when bonds are paid off or by city ordinance
- Repeals the food and beverage tax authority previously granted to Rochester under Laws 2009, chapter 88, article 4, section 23
Legislative Description
Rochester; lodging tax authority increased, and food and beverage tax authority repealed.
Last Action
Division action, to pass and return to Taxes
3/14/2012
Committee Referrals
Property and Local Tax2/22/2012
Taxes2/20/2012
Full Bill Text
No bill text available