HF 39

as introduced - 88th Legislature (2013 - 2014) Posted on 01/10/2013 12:13pm

A bill for an act
relating to taxation; local taxes authorized; city of Walker.

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

Section 1. new text begin CITY OF WALKER; LOCAL 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 ordinance, city charter, or other provision of law, pursuant to the
approval of the voters on November 6, 2012, the city of Walker may impose by ordinance
a sales and use tax of 1-1/2 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 taxes 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 all or part of the capital and administrative costs of
underground utility, street, curb, gutter, and sidewalk improvements in the city of Walker
as outlined in the 2012 capital improvement plan of the engineer of the city of Walker.
new text end

new text begin Subd. 3. new text end

new text begin Bonding authority. new text end

new text begin The city of Walker, pursuant to the approval of the
voters at the November 6, 2012, referendum authorizing the imposition of the taxes in
this section, may issue bonds under Minnesota Statutes, chapter 475, to pay capital and
administrative expenses for the projects described in subdivision 2, in an amount that
does not exceed $20,000,000. A separate election to approve the bonds under Minnesota
Statutes, section 475.58, is not required.
new text end

new text begin Subd. 4. new text end

new text begin Termination of tax. new text end

new text begin The tax authorized under subdivision 1 terminates at
the earlier of:
new text end

new text begin (1) 20 years after the date of initial imposition of the tax; or
new text end

new text begin (2) when the city council determines that sufficient funds have been raised from
the tax to finance the capital and administrative costs of the improvements described in
subdivision 2, plus the additional amount needed to pay the costs related to issuance of
bonds under subdivision 3, including interest on the bonds.
new text end

new text begin Any funds remaining after completion of the projects specified in subdivision 2 and
retirement or redemption of bonds in subdivision 3 shall 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 compliance by
the governing body of the city of Walker with Minnesota Statutes, section 645.021,
subdivisions 2 and 3.
new text end