|
Senate Counsel, Research and Fiscal Analysis
|
Minnesota Senate Bldg.
|
95 University Avenue W. Suite 3300
|
St. Paul, MN 55155
|
(651) 296-4791
|
Alexis C. Stangl
|
Director
|
|
|
Senate
|
State of Minnesota
|
|
|
|
|
|
|
|
S.F. No. 155 - Moose Lake local option sales tax authorization
|
|
Author:
|
Senator Tony Lourey
|
|
Prepared By:
|
Nora Pollock, Senate Counsel (651/297-8066)
|
|
Date:
|
March 20, 2017
|
|
|
|
|
This bill authorizes the city of Moose Lake to impose a local option sales tax of up to 0.5 percent, as approved by the voters at the November 2012 election. Revenues must be used to finance the costs of improvements to the city’s park system, street and related infrastructure improvements, and municipal arena improvements. Authorizes the city to bond for up to $3 million for the improvements. The tax terminates at the earlier of 20 years after the tax is first imposed, or when the city council determines that a sufficient amount has been raised to pay the bond costs plus interest.
Effective the day after the city files its approval with the Secretary of State.
|
|
|
Check on the status of this bill
|
|
Back to Senate Counsel and Research Bill Summaries page
|
|
|
|
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
|
|
Last review or update: 03/20/2017
|
|
If you see any errors on this page, please e-mail us at
webmaster@senate.mn
|