HF 2675

1st Engrossment - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; authorizing the city of Winona 
  1.3             to impose sales and use taxes for certain purposes. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [CITY OF WINONA; TAXES AUTHORIZED.] 
  1.6      Subdivision 1.  [SALES AND USE TAX 
  1.7   AUTHORIZED.] Notwithstanding Minnesota Statutes, section 
  1.8   477A.016, or any other provision of law, ordinance, or city 
  1.9   charter, if approved by the city voters at a general election 
  1.10  held within one year of the date of final enactment of this act, 
  1.11  the city of Winona may impose by ordinance a sales and use tax 
  1.12  of up to one-half of one percent for the purposes specified in 
  1.13  subdivision 3.  The provisions of Minnesota Statutes, section 
  1.14  297A.48, govern the imposition, administration, collection, and 
  1.15  enforcement of the tax authorized under this subdivision. 
  1.16     Subd. 2.  [EXCISE TAX AUTHORIZED.] Notwithstanding 
  1.17  Minnesota Statutes, section 477A.016, or any other contrary 
  1.18  provision of law, ordinance, or city charter, the city of Winona 
  1.19  may impose by ordinance, for the purposes specified in 
  1.20  subdivision 3, an excise tax of up to $20 per motor vehicle, as 
  1.21  defined by ordinance, purchased or acquired from any person 
  1.22  engaged within the city in the business of selling motor 
  1.23  vehicles at retail. 
  1.24     Subd. 3.  [USE OF REVENUES.] Revenues received from taxes 
  2.1   authorized by subdivisions 1 and 2 must be used by the city to 
  2.2   pay the costs of collecting the taxes and to pay all or a part 
  2.3   of the capital and administrative costs of the dredging of Lake 
  2.4   Winona, including securing or paying debt service on bonds or 
  2.5   other obligations issued to finance the project under 
  2.6   subdivision 4.  
  2.7      Subd. 4.  [BONDS.] Pursuant to the approval of the city 
  2.8   voters under subdivision 1, the city of Winona may issue without 
  2.9   additional election general obligation bonds of the city in an 
  2.10  amount not to exceed $4,000,000 to pay capital and 
  2.11  administrative expenses for the dredging of Lake Winona.  The 
  2.12  debt represented by the bonds must not be included in computing 
  2.13  any debt limitations applicable to the city, and the levy of 
  2.14  taxes required by Minnesota Statutes, section 475.61, to pay the 
  2.15  principal of and interest on the bonds must not be subject to 
  2.16  any levy limitation or be included in computing or applying any 
  2.17  levy limitation applicable to the city. 
  2.18     Subd. 5.  [TERMINATION OF TAXES.] The taxes imposed under 
  2.19  subdivisions 1 and 2 expire when the city council determines 
  2.20  that sufficient funds have been received from the taxes to 
  2.21  finance the dredging of Lake Winona and to prepay or retire at 
  2.22  maturity the principal, interest, and premium due on any bonds 
  2.23  issued for the project under subdivision 4.  Any funds remaining 
  2.24  after completion of the project and retirement or redemption of 
  2.25  the bonds may be placed in the general fund of the city.  The 
  2.26  taxes imposed under subdivisions 1 and 2 may expire at an 
  2.27  earlier time if the city so determines by ordinance.  
  2.28     Sec. 2.  [EFFECTIVE DATE.] 
  2.29     Section 1 is effective upon compliance by the governing 
  2.30  body of the city of Winona with Minnesota Statutes, section 
  2.31  645.021, subdivision 3.