Bill Text: MN HF3314 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Wabasha; local sales and use tax authorized.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-03-27 - Introduction and first reading, referred to Taxes [HF3314 Detail]
Download: Minnesota-2013-HF3314-Introduced.html
1.2relating to taxation; authorizing the city of Wabasha to impose a local sales and
1.3use tax.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF WABASHA; TAXES AUTHORIZED.
1.6 Subdivision 1. Sales and use tax authorization. Notwithstanding Minnesota
1.7Statutes, section 297A.99, subdivision 1, or 477A.016, or any other law, ordinance, or
1.8city charter, and as approved by the voters at the November 6, 2012, general election, the
1.9city of Wabasha may impose, by ordinance, a sales and use tax up to one percent for the
1.10purposes specified in subdivision 2. Except as otherwise provided in this section, the
1.11provisions of Minnesota Statutes, section 297A.99, govern the imposition, administration,
1.12collection, and enforcement of the tax authorized under this subdivision.
1.13 Subd. 2. Use of sales and use tax revenues. The revenues derived from the tax
1.14authorized under subdivision 1 must be used by the city of Wabasha to pay the costs of
1.15collecting and administering the tax and for securing and paying debt service on bonds
1.16issued to finance the costs of capital improvements to city streets, utilities, and municipal
1.17buildings, pursuant to the city's capital improvement plan adopted on June 4, 2013.
1.18 Subd. 3. Bonding authority. The city of Wabasha may issue bonds under Minnesota
1.19Statutes, chapter 475, to finance all or a portion of the costs of the projects authorized in
1.20subdivision 2. The aggregate principal amount of bonds issued under this subdivision may
1.21not exceed $4,500,000, plus an amount to be applied to the payment of the costs of issuing
1.22the bonds. The bonds may be paid from or secured by any funds available to the city of
1.23Wabasha, including the tax authorized under subdivision 1. The issuance of bonds under
1.24this subdivision is not subject to Minnesota Statutes, sections 275.60 and 275.61.
2.1The bonds are not included in computing any debt limitation applicable to the city,
2.2and any levy of taxes under Minnesota Statutes, section 475.61, to pay principal and
2.3interest on the bonds is not subject to any levy limitation. A separate election to approve
2.4the bonds under Minnesota Statutes, section 475.58, is not required.
2.5 Subd. 4. Termination of taxes. The tax imposed under subdivision 1 expires at
2.6the earlier of: (1) 20 years after the tax is first imposed; or (2) when the city council
2.7determines that $4,500,000 has been received from the tax to pay for the cost of the
2.8projects authorized under subdivision 2, plus an amount sufficient to pay the costs related
2.9to issuance of the bonds authorized under subdivision 3, including interest on the bonds.
2.10Any funds remaining after payment of all such costs and retirement or redemption of the
2.11bonds shall be placed in the general fund of the city. The tax imposed under subdivision 1
2.12may expire at an earlier time if the city so determines by ordinance.
2.13EFFECTIVE DATE.This section is effective the day after compliance by the
2.14governing body of the city of Wabasha with Minnesota Statutes, section 645.021,
2.15subdivisions 2 and 3.
1.3use tax.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. CITY OF WABASHA; TAXES AUTHORIZED.
1.6 Subdivision 1. Sales and use tax authorization. Notwithstanding Minnesota
1.7Statutes, section 297A.99, subdivision 1, or 477A.016, or any other law, ordinance, or
1.8city charter, and as approved by the voters at the November 6, 2012, general election, the
1.9city of Wabasha may impose, by ordinance, a sales and use tax up to one percent for the
1.10purposes specified in subdivision 2. Except as otherwise provided in this section, the
1.11provisions of Minnesota Statutes, section 297A.99, govern the imposition, administration,
1.12collection, and enforcement of the tax authorized under this subdivision.
1.13 Subd. 2. Use of sales and use tax revenues. The revenues derived from the tax
1.14authorized under subdivision 1 must be used by the city of Wabasha to pay the costs of
1.15collecting and administering the tax and for securing and paying debt service on bonds
1.16issued to finance the costs of capital improvements to city streets, utilities, and municipal
1.17buildings, pursuant to the city's capital improvement plan adopted on June 4, 2013.
1.18 Subd. 3. Bonding authority. The city of Wabasha may issue bonds under Minnesota
1.19Statutes, chapter 475, to finance all or a portion of the costs of the projects authorized in
1.20subdivision 2. The aggregate principal amount of bonds issued under this subdivision may
1.21not exceed $4,500,000, plus an amount to be applied to the payment of the costs of issuing
1.22the bonds. The bonds may be paid from or secured by any funds available to the city of
1.23Wabasha, including the tax authorized under subdivision 1. The issuance of bonds under
1.24this subdivision is not subject to Minnesota Statutes, sections 275.60 and 275.61.
2.1The bonds are not included in computing any debt limitation applicable to the city,
2.2and any levy of taxes under Minnesota Statutes, section 475.61, to pay principal and
2.3interest on the bonds is not subject to any levy limitation. A separate election to approve
2.4the bonds under Minnesota Statutes, section 475.58, is not required.
2.5 Subd. 4. Termination of taxes. The tax imposed under subdivision 1 expires at
2.6the earlier of: (1) 20 years after the tax is first imposed; or (2) when the city council
2.7determines that $4,500,000 has been received from the tax to pay for the cost of the
2.8projects authorized under subdivision 2, plus an amount sufficient to pay the costs related
2.9to issuance of the bonds authorized under subdivision 3, including interest on the bonds.
2.10Any funds remaining after payment of all such costs and retirement or redemption of the
2.11bonds shall be placed in the general fund of the city. The tax imposed under subdivision 1
2.12may expire at an earlier time if the city so determines by ordinance.
2.13EFFECTIVE DATE.This section is effective the day after compliance by the
2.14governing body of the city of Wabasha with Minnesota Statutes, section 645.021,
2.15subdivisions 2 and 3.
