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S.F. No. 1850 - Modifying Prior Distribution of Taconite Production Tax to the city of Cook.
 
Author: Senator Thomas M. Bakk
 
Prepared By: Eric S. Silvia, Senate Counsel (651/296-1771)
 
Date: February 27, 2014



 

S.F. 1850 modifies the distribution of the taconite production tax to the city of Cook that was authorized in the 2013 Omnibus Tax Bill. The half cent per ton distribution to the city for a water line project is removed and added to the existing one and one half cent distribution to the city for street improvements, business park infrastructure, and a maintenance garage. Other distributions that are incorrectly referenced as "cents" are corrected to "cents per ton."

Effective the day following final enactment.

 

 

ESS/tg

 
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