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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.

 
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