HF 442

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; authorizing the city of Emily to impose a sales and use tax
for certain purposes.

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

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

new text begin Subdivision 1. new text end

new text begin Sales and use tax authorized. new text end

new text begin Notwithstanding Minnesota Statutes,
section 477A.016, or any other provision of law, ordinance, or city charter, pursuant to the
approval of the voters on November 7, 2006, and pursuant to Minnesota Statutes, section
297A.99, the city of Emily may impose by ordinance a sales and use tax of one-half of one
percent for the purposes specified in subdivision 2. 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 the tax authorized by
subdivision 1 must be used to pay the cost of collecting and administering the tax and to
pay the capital costs of new wastewater systems infrastructure to serve the city of Emily,
as approved by the voters at the referendum authorizing the tax. Authorized costs include,
but are not limited to, acquiring property and paying construction and engineering costs
related to the 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 imposed under subdivision 1 expires at the
earlier of a date 40 years after the imposition of the tax or when the Emily City Council
first determines that the amount of revenues raised from the tax to pay for the project
under subdivision 2 equals or exceeds $1,637,000 plus any interest on loans taken by the
city for the project. Any funds remaining after the expiration of the tax and payment of
the loans must be placed in the general fund of the city of Emily. The tax imposed under
subdivision 1 may expire at an earlier time if the city of Emily 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 the governing body of
the city of Emily and its chief clerical officer comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end