HF 3410

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to the city of Austin; authorizing the city to impose a sales and use tax.

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

Section 1. new text begin CITY OF AUSTIN; TAXES AUTHORIZED.
new text end

new text begin Subdivision 1. new text end

new text begin Sales and use tax. new text end

new text begin Notwithstanding Minnesota Statutes, section
477A.016, or any other provision of law, ordinance, or city charter, if approved by the
voters pursuant to Minnesota Statutes, section 297A.99, at the next general election or
special election held for that purpose before January 1, 2007, the city of Austin may
impose by ordinance a sales and use tax of up to one-half of one percent for the purpose
specified in subdivision 2. Except as otherwise provided in this section, the provisions of
Minnesota Statutes, section 297A.99, govern the imposition, administration, collection,
and enforcement of the tax authorized under this subdivision.
new text end

new text begin Subd. 2. new text end

new text begin Use of revenues. new text end

new text begin Revenues received from taxes authorized by subdivision
1 must be used by the city of Austin to pay all or part of the capital or administrative costs
of flood mitigation projects in the city of Austin. Authorized expenses include, but are not
limited to, acquiring property and paying construction and engineering expenses related
to the flood mitigation projects.
new text end

new text begin Subd. 3. new text end

new text begin Termination of tax. new text end

new text begin The tax authorized under subdivision 1 terminates at
the earlier of:
new text end

new text begin (1) 20 years after the date of initial imposition of the tax; or
new text end

new text begin (2) when the Austin City Council determines that the amount described in
subdivision 2 has been received from the tax to finance the capital and administrative costs
for the projects specified in subdivision 2.
new text end

new text begin Any funds remaining after completion of the projects specified in subdivision 2 may
be placed in the general fund of the city. The tax imposed under subdivision 1 may expire
at an earlier time if the city so determines by ordinance.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day after compliance by
the governing body of the city of Austin with Minnesota Statutes, section 645.021,
subdivisions 2 and 3.
new text end