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MN HF3473
Bill
Status
2/15/2022
Primary Sponsor
Mike Freiberg
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AI Summary
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Authorizes the city of Golden Valley to impose a one-half of one percent local sales and use tax, subject to voter approval at a general election.
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Tax revenue must fund costs of tax collection and administration, plus three specific projects: $17,000,000 for a new remote fire station, $56,300,000 for a new public works facility, and $61,500,000 for a new public safety facility.
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City may issue bonds up to the amounts specified for each project plus bond issuance costs, with bonds exempt from state debt limitations and levy limitations.
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Tax expires at the earlier of 30 years after imposition or when sufficient revenue is collected to pay all authorized project costs and bond expenses, including interest.
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All project proposals must be identified in a single ballot question with completion timelines limited to 30 years from voter approval.
Legislative Description
Golden Valley; local sales and use tax authorized.
Last Action
Referred by Chair to Property Tax Division
2/24/2022