as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 02/28/2006 |
A bill for an act
relating to the city of Newport; authorizing the city to impose a local excise
tax on motor vehicles.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Notwithstanding Minnesota Statutes, section
477A.016, or any other provision of law, ordinance, or city charter, the city of Newport
may impose by ordinance, for the purposes specified in subdivision 2, an excise tax of
$20 per motor vehicle, as defined by ordinance, purchased or acquired from any person
engaged within the city in the business of selling motor vehicles at retail.
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Revenues received from the tax authorized by subdivision
1 must be used to pay all or part of the capital costs of constructing a new city hall.
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The tax imposed under subdivision 1 expires at the
earlier of (1) 20 years, or (2) when the city council determines that the amount of revenues
sufficient to fund the construction of the city hall has been raised. Any funds remaining
after completion of the projects and retirement or redemption of the bonds must be placed
in a capital project fund of the city. The taxes imposed under this section may expire at an
earlier time if the city so determines by ordinance.
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This section is effective the day after compliance by the
governing body of the city of Newport with Minnesota Statutes, section 645.021,
subdivision 3.
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