| 1 | 1 | | 1.1 A bill for an act |
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| 2 | 2 | | 1.2 relating to taxation; local sales and use; extending the duration of the Hermantown |
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| 3 | 3 | | 1.3 local sales and use tax; amending Laws 1996, chapter 471, article 2, section 29, |
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| 4 | 4 | | 1.4 subdivision 4, as amended. |
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| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
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| 6 | 6 | | 1.6 Section 1. Laws 1996, chapter 471, article 2, section 29, subdivision 4, as amended by |
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| 7 | 7 | | 1.7Laws 2006, chapter 259, article 3, section 4, and Laws 2017, First Special Session chapter |
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| 8 | 8 | | 1.81, article 5, section 7, is amended to read: |
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| 9 | 9 | | 1.9 Subd. 4.Termination.The tax authorized under this section terminates at the earlier of |
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| 10 | 10 | | 1.10(1) December 31, 2036 2046, or (2) when the Hermantown City Council first determines |
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| 11 | 11 | | 1.11that sufficient funds have been received from the tax to fund the costs, including bonds and |
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| 12 | 12 | | 1.12associated bond costs for the uses specified in subdivision 1. Any funds remaining after |
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| 13 | 13 | | 1.13completion of the improvements and retirement or redemption of the bonds may be placed |
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| 14 | 14 | | 1.14in the general fund of the city. |
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| 15 | 15 | | 1.15 EFFECTIVE DATE.This section is effective the day following final enactment without |
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| 16 | 16 | | 1.16local approval pursuant to Minnesota Statutes, section 645.023, subdivision 1. |
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| 17 | 17 | | 1Section 1. |
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| 18 | 18 | | 25-04771 as introduced03/10/25 REVISOR EAP/CH |
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| 19 | 19 | | SENATE |
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| 20 | 20 | | STATE OF MINNESOTA |
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| 21 | 21 | | S.F. No. 3017NINETY-FOURTH SESSION |
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| 22 | 22 | | (SENATE AUTHORS: HAUSCHILD) |
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| 23 | 23 | | OFFICIAL STATUSD-PGDATE |
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| 24 | 24 | | Introduction and first reading03/27/2025 |
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| 25 | 25 | | Referred to Taxes |
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