HF 750

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

A bill for an act
relating to taxation; authorizing the city of Beaver
Bay to impose a sales and use tax; providing for use
of the proceeds.

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

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

new text begin Subdivision 1. new text end

new text begin Sales and use taxes. new text end

new text begin Notwithstanding
Minnesota Statutes, section 477A.016, or any other provision of
law or ordinance, if approved by the voters of the city at the
next general election or at a special election held for this
purpose, the city of Beaver Bay may impose by ordinance a sales
and use tax at a rate of up to one percent for the purposes
specified in subdivision 2. Except as 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 The revenues received from
taxes authorized by subdivision 1 must be used to pay the bonded
indebtedness on the city community building and to provide
funding for recreational facilities, the upgrading of the water
and sewer system, upgrading and replacement of fire equipment,
and improvement of streets.
new text end

new text begin Subd. 3. new text end

new text begin Termination of taxes. new text end

new text begin The authority granted
under subdivision 1 to the city of Beaver Bay to impose sales
and use taxes expires when the city council determines that the
amount of revenue received to pay the costs of the projects
described in subdivision 2 shall meet or exceed $1,500,000. Any
funds remaining after completion of the projects 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
the governing body of the city of Beaver Bay and its chief
clerical officer timely comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end