SF 3427

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxes; local sales and use; authorizing 
  1.3             the city of Cross Lake to impose a local food and 
  1.4             beverage tax. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [CITY OF CROSS LAKE.] 
  1.7      Subdivision 1.  [FOOD, BEVERAGE, ENTERTAINMENT TAXES 
  1.8   AUTHORIZED.] Notwithstanding Minnesota Statutes, section 
  1.9   477A.016, or any other limitation of law or charter, and in 
  1.10  addition to other taxes previously authorized by law, the city 
  1.11  of Cross Lake may by ordinance impose a tax not to exceed three 
  1.12  percent on the gross receipts from all retail sales of on-sale 
  1.13  intoxicating liquor and fermented malt beverages, and all sales 
  1.14  of food and beverages sold for consumption on or off the 
  1.15  premises by restaurants and places of refreshment as defined by 
  1.16  city ordinance on any business within the confines of the city 
  1.17  of Cross Lake. 
  1.18     Subd. 2.  [USE OF REVENUES.] Revenues received from the tax 
  1.19  authorized by subdivision 1 must be used to pay for the cost of 
  1.20  collecting and administering the tax and to pay all or part of 
  1.21  the capital and administrative costs of the construction, 
  1.22  repair, and improvement of sewer and water systems.  Authorized 
  1.23  expenses include, but are not limited to, acquiring the 
  1.24  property, paying construction and operating expenses related to 
  1.25  the development of the systems, and securing and paying debt 
  2.1   service on bonds or other obligations issued to finance 
  2.2   construction, repair, and improvement of the authorized systems. 
  2.3      Subd. 3.  [BONDING AUTHORITY.] (a) The city may issue bonds 
  2.4   under Minnesota Statutes, chapter 475, to finance the capital 
  2.5   expenditure and improvement projects authorized under 
  2.6   subdivision 2.  The total amount of bonds issued for the 
  2.7   projects listed in subdivision 2 may not exceed $....... in 
  2.8   aggregate.  An election to approve the bonds, as required under 
  2.9   Minnesota Statutes, section 475.58, is not required. 
  2.10     (b) The issuance of the bonds under this subdivision is not 
  2.11  subject to Minnesota Statutes, sections 275.60 and 275.61. 
  2.12     (c) The bonds are not included in computing any debt 
  2.13  limitation applicable to the city, and the levy of taxes under 
  2.14  Minnesota Statutes, section 475.61, to pay the principal of and 
  2.15  interest on the bonds is not subject to any levy limitation. 
  2.16     (d) The tax authorized under this section may be pledged to 
  2.17  and used for the payment of the bonds and any bonds issued to 
  2.18  refund them only if the bonds and any refunding bonds are 
  2.19  general obligations of the city. 
  2.20     Subd. 4.  [TERMINATION OF TAXES.] The tax imposed under 
  2.21  this section expires when the city council first determines that 
  2.22  the amount of revenues raised to pay for the projects under 
  2.23  subdivision 2 shall meet or exceed the sum of $......., plus an 
  2.24  amount equal to the costs related to the issuance of bonds under 
  2.25  subdivision 3.  Any funds remaining after completion of the 
  2.26  projects and retirement or redemption of the bonds may be placed 
  2.27  in the general funds of the city. 
  2.28     Sec. 2.  [EFFECTIVE DATE.] 
  2.29     This section is effective the day following final enactment.