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MN SF1930
Bill
Status
Introduced
2/20/2023
Primary Sponsor
Karin Housley
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AI Summary
- City of Stillwater may impose a 0.5% sales and use tax if approved by voters at a general election
- Tax revenues must be used to pay collection and administration costs, and to finance up to $12,500,000 for construction, renovation, and improvements to the Riverfront Improvement Project
- City may issue bonds up to $12,500,000 to finance the project costs, with bonds exempt from debt limitations and levy restrictions
- Tax expires at the earlier of 20 years after imposition or when the city council determines sufficient funds have been collected to pay project and bond costs, with remaining funds placed in the city's general fund
- Effective date is the day after Stillwater's governing body complies with statutory notice requirements
Legislative Description
Stillwater authorization to impose a sales and use tax
Last Action
Referred to Taxes
2/20/2023
Committee Referrals
Taxes2/20/2023
Full Bill Text
No bill text available