HF 1814

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 Rockford 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 ROCKFORD; 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, if approved by
the voters pursuant to Minnesota Statutes, section 297A.99, or at a special election held for
this purpose, the city of Rockford 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 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 the tax authorized by
subdivision 1 must be used to pay the cost of collecting and administering the tax and to
pay the capital cost of repairs and improvements to the flood control levee system in the
city of Rockford. Authorized costs include, but are not limited to, paying construction
and engineering costs related to the project.
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 Rockford City Council
first determines that the amount of revenues raised from the tax to pay for the project
under subdivision 2 equals or exceeds $1,700,000 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 Rockford. The tax imposed
under subdivision 1 may expire at an earlier time if the city of Rockford 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 Rockford and its chief clerical officer comply with Minnesota Statutes, section
645.021, subdivisions 2 and 3.
new text end