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S.F. No. 1053 - Moose Lake Sales and Use Tax Authorization
 
Author: Senator Tony Lourey
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: April 3, 2013



 

Section 1, subdivision 1.  [Sales and use tax authorization]  Authorizes the city of Moose Lake to impose a sales and use tax of up to one-half of one percent.  The tax was approved in a voter referendum in November 2012.

Subdivision 2.  [Use of revenues]  Requires that the revenues from the tax authorized in subdivision 1 must be used for improvements to the city park system, street and related infrastructure improvements, and municipal library improvements.  Revenues may also be used to pay for collecting and administering the tax.

Subdivision 3.  [Bonding authority]  Authorizes the city to issue bonds up to $3 million to finance the projects in subdivision 2.    

Subdivision 4.  [Termination of taxes]  Requires the tax to expire 20 years after the tax is first imposed, or when the city council determines that $3 million has been received to pay for bonds and associated costs, whichever is earlier. 

This bill is effective the day after the city complies with Minnesota Statutes, section 645.021, subdivisions 2 and 3 (formal city council approval, and timely filing of approval with the Secretary of State).

NBP:dv 

 
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