MN HF3307

City of Isle authorized to impose a local sales and use tax of up to 0.5% upon voter approval at the next general election.

Tax revenues must be used for collection and administration costs, plus infrastructure improvements including parks, streets, municipal buildings, airport, bridge replacement, and utility systems.

City may issue bonds up to $3,000,000 (plus issuance costs) under Minnesota Statutes chapter 475, with bonds not subject to debt limitations or levy restrictions and not requiring separate election approval.

Tax expires at the earlier of 20 years after imposition or when the city receives $3,000,000 plus bond-related costs; remaining funds go to the city's general fund.

Provisions of Minnesota Statutes section 297A.99 govern the tax's imposition, administration, collection, and enforcement except as modified by this act.