Minnesota Legislature
HF 4063
as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Bill Text Versions
| Engrossments | ||
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| Introduction | Posted on 03/30/2006 |
Current Version - as introduced
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A bill for an act
relating to the city of Worthington; changing the time for local sales tax
referendum amending Laws 2005, First Special Session chapter 3, article 5,
section 44, subdivisions 1, 5.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Laws 2005, First Special Session chapter 3, article 5, section 44, subdivision
1, is amended to read:
Subdivision 1. SALES AND USE TAX. 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, at deleted text begin the nextdeleted text end new text begin a new text end general
electionnew text begin held by the end of 2008new text end , the city of Worthington may impose by ordinance a sales
and use tax of up to one-half of one percent for the purpose specified in subdivision 3.
Except as otherwise 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 begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day after the governing body of
the city of Worthington and its chief clerical officer comply with Minnesota Statutes,
section 645.021, subdivisions 2 and 3.
new text end
Sec. 2.
Laws 2005, First Special Session chapter 3, article 5, section 44, subdivision 5,
is amended to read:
Subd. 5. TERMINATION OF TAXES. The taxes imposed under subdivisions 1
and 2 expire at the earlier of (1) ten yearsnew text begin after the tax is first imposednew text end , or (2) when the
city council determines that the amount of revenue received from the taxes to pay for the
projects under subdivision 3 equals or exceeds $6,000,000 plus the additional amount
needed to pay the costs related to issuance of bonds under subdivision 4, including interest
on the bonds. Any funds remaining after completion of the project and retirement or
redemption of the bonds shall be placed in a capital project fund of the city. The taxes
imposed under subdivisions 1 and 2 may expire at an earlier time if the city so determines
by ordinance.
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 Worthington and its chief clerical officer comply with Minnesota Statutes,
section 645.021, subdivisions 2 and 3.
new text end