HF 481

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:37am

A bill for an act
relating to taxation; modifying the Minneapolis downtown taxing area; providing
for deposit of certain tax revenues; amending Laws 1986, chapter 400, section
44, as amended.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Laws 1986, chapter 400, section 44, as amended by Laws 1995, chapter 264,
article 2, section 39, is amended to read:

Sec. 44. DOWNTOWN TAXING AREA.

If a bill is enacted into law in the 1986 legislative session which authorizes the city
of Minneapolis to issue bonds and expend certain funds including taxes to finance the
acquisition and betterment of a convention center and related facilities, which authorizes
certain taxes to be levied in a downtown taxing area, then, notwithstanding the provisions
of that law "downtown taxing area" shall mean the geographic area bounded by the
portion of the Mississippi River between I-35W and Washington Avenue, the portion
of Washington Avenue between the river and I-35W, the portion of I-35W between
Washington Avenue and 8th Street South, the portion of 8th Street South between I-35W
and Portland Avenue South, the portion of Portland Avenue South between 8th Street
South and I-94, the portion of I-94 from the intersection of Portland Avenue South to
the intersection of I-94 and the Burlington Northern Railroad tracks, the portion of the
Burlington Northern Railroad tracks from I-94 to Main Street and including Nicollet
Island, and the portion of Main Street to Hennepin Avenue and the portion of Hennepin
Avenue between Main Street and 2nd Street S.E., and the portion of 2nd Street S.E.
between Main Street and Bank Street, and the portion of Bank Street between 2nd Street
S.E. and University Avenue S.E., and the portion of University Avenue S.E. between Bank
Street and I-35W, and by I-35W from University Avenue S.E., to the river. The downtown
taxing area excludes the area bounded on the south and west by Oak Grove Street, on the
east by Spruce Place, and on the north by West 15th Street. new text begin The downtown taxing area
also excludes any property located in an area that is zoned for residential purposes on
which a restaurant or liquor establishment is operated.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales made after July 31, 2012,
provided that the proceeds of the tax collected between July 1, 2009, and July 31, 2012,
by a restaurant or liquor establishment that is excluded from the downtown taxing area
by this section, when collected by the commissioner of revenue, shall be deposited in the
general fund of the state treasury.
new text end