| 1 | 1 | | 1.1 A bill for an act |
|---|
| 2 | 2 | | 1.2 relating to taxation; local sales and use; extending the duration of the Hermantown |
|---|
| 3 | 3 | | 1.3 local sales and use tax; amending Laws 1996, chapter 471, article 2, section 29, |
|---|
| 4 | 4 | | 1.4 subdivision 4, as amended. |
|---|
| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
|---|
| 6 | 6 | | 1.6 Section 1. Laws 1996, chapter 471, article 2, section 29, subdivision 4, as amended by |
|---|
| 7 | 7 | | 1.7Laws 2006, chapter 259, article 3, section 4, and Laws 2017, First Special Session chapter |
|---|
| 8 | 8 | | 1.81, article 5, section 7, is amended to read: |
|---|
| 9 | 9 | | 1.9 Subd. 4.Termination.The tax authorized under this section terminates at the earlier of |
|---|
| 10 | 10 | | 1.10(1) December 31, 2036 2046, or (2) when the Hermantown City Council first determines |
|---|
| 11 | 11 | | 1.11that sufficient funds have been received from the tax to fund the costs, including bonds and |
|---|
| 12 | 12 | | 1.12associated bond costs for the uses specified in subdivision 1. Any funds remaining after |
|---|
| 13 | 13 | | 1.13completion of the improvements and retirement or redemption of the bonds may be placed |
|---|
| 14 | 14 | | 1.14in the general fund of the city. |
|---|
| 15 | 15 | | 1.15 EFFECTIVE DATE.This section is effective the day following final enactment without |
|---|
| 16 | 16 | | 1.16local approval pursuant to Minnesota Statutes, section 645.023, subdivision 1. |
|---|
| 17 | 17 | | 1Section 1. |
|---|
| 18 | 18 | | REVISOR EAP/CH 25-0477103/10/25 |
|---|
| 19 | 19 | | State of Minnesota |
|---|
| 20 | 20 | | This Document can be made available |
|---|
| 21 | 21 | | in alternative formats upon request |
|---|
| 22 | 22 | | HOUSE OF REPRESENTATIVES |
|---|
| 23 | 23 | | H. F. No. 2889 |
|---|
| 24 | 24 | | NINETY-FOURTH SESSION |
|---|
| 25 | 25 | | Authored by Zeleznikar03/27/2025 |
|---|
| 26 | 26 | | The bill was read for the first time and referred to the Committee on Taxes |
|---|