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MN HF514
Bill
Status
Introduced
1/28/2021
Primary Sponsor
Spencer Igo
Click for details
AI Summary
- Authorizes Itasca County to impose a one percent local sales and use tax, subject to voter approval at a general election.
- Tax revenues must be used to pay collection and administration costs plus up to $75,000,000 for new construction or upgrades to correctional facilities, court facilities, and county offices.
- Itasca County may issue up to $75,000,000 in bonds to finance the facilities, with bonds exempt from debt limitations and levy limitations.
- Tax expires at the earlier of 30 years after implementation or when the county board determines sufficient funds have been collected to pay $75,000,000 in project costs plus bond issuance costs.
- Any remaining funds after project completion are placed in the county general fund, and the county may choose to terminate the tax earlier by ordinance.
Legislative Description
Itasca County; local sales and use tax authorized.
Last Action
Referred by Chair to Property Tax Division
2/1/2021
Committee Referrals
Property Tax2/1/2021
Taxes1/28/2021
Full Bill Text
No bill text available