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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 15 - Walker Local Sales Tax Authorization
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Author:
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Senator Tom Saxhaug
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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February 4, 2013
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This bill authorizes the city of Walker to impose a sales and use tax of up to 1½ percent for capital and administrative costs related to underground utility, street, curb, gutter, and sidewalk improvements. The tax was approved by voters in November 2012. The city may issue bonds up to $20 million to pay capital and administrative costs of the improvements. The tax must terminate at the earlier of 20 years after its imposition or when sufficient funds have been raised from tax revenues to finance capital and administrative costs of the improvements and associated bond costs, or the Walker City Council may terminate the tax by ordinance.
Effective the day after the governing body of each city approves the local option sales tax by resolution and its chief clerical officers certify the voter approval of the tax to the Secretary of State.
NBP:dv
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Check on the status of this bill
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Last review or update: 02/04/2013
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