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MN HF3473

Bill

Status

Introduced

2/15/2022

Primary Sponsor

Mike Freiberg

Click for details

Origin

House of Representatives

92nd Legislature 2021-2022

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Property Tax2/24/2022
Taxes2/15/2022

Full Bill Text

No bill text available