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S.F. No. 225 - Hermantown local option sales tax modification (as proposed to be amended by the A-1 amendment)
 
Author: Senator Thomas M. Bakk
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 15, 2017



 

This bill allows the city to use revenues from its local option sales tax to fund debt service payments for construction of a regional wellness center, as approved by the voters at the November 2016 general election.  As proposed to be amended, the tax would terminate at the earlier of December 31, 2036, or when the city council determines that sufficient funds have been received to fund bonding costs, including interest.

Effective the day after the city files its approval with the Secretary of State.

 
Check on the status of this bill
 
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