Bill Text: MN SF53 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Fergus Falls sales and use tax authorization
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2011-01-18 - Referred to Taxes [SF53 Detail]
Download: Minnesota-2011-SF53-Introduced.html
1.2relating to taxation; sales and use tax authorization; city of Fergus Falls.
1.3BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.4 Section 1. CITY OF FERGUS FALLS; SALES AND USE TAX AUTHORIZED.
1.5 Subdivision 1. Sales and use tax. Notwithstanding Minnesota Statutes, section
1.6297A.99, subdivision 1, or 477A.016, or any other provision of law, ordinance, or city
1.7charter, the city of Fergus Falls may impose by ordinance a sales and use tax of up to
1.8one-half of one percent for the purposes specified in subdivision 2. Except as provided in
1.9this section, the provisions of Minnesota Statutes, section 297A.99, govern the imposition,
1.10administration, collection, and enforcement of the tax authorized under this subdivision.
1.11 Subd. 2. Use of revenues. Revenues received from taxes authorized by subdivision
1.121 must be used by the city of Fergus Falls to pay the cost of collecting the tax and to pay
1.13for all or part of the costs of the acquisition and betterment of a regional community ice
1.14arena facility. Authorized expenses include, but are not limited to, acquiring property,
1.15predesign, design, and paying construction, furnishing, and equipment costs related to
1.16the facility and paying debt service on bonds or other obligations issued by the Fergus
1.17Falls Port Authority to finance the facility.
1.18 Subd. 3. Termination of taxes. The tax imposed under this section expires when
1.19the Fergus Falls City Council determines that sufficient funds have been received from
1.20the taxes to finance the facility and to prepay or retire at maturity the principal, interest,
1.21and premium due on any bonds, including refunding bonds, issued by the Fergus Falls
1.22Port Authority for the facility. Any funds remaining after completion of the facility and
1.23retirement or redemption of the bonds may be placed in the general fund of the city of
2.1Fergus Falls. The tax imposed under subdivision 1 may expire at an earlier time if the
2.2city so determines by ordinance.
2.3EFFECTIVE DATE.This section is effective the day after the governing body
2.4of the city of Fergus Falls and its chief clerical officer timely comply with Minnesota
2.5Statutes, section 645.021, subdivisions 2 and 3.
1.3BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.4 Section 1. CITY OF FERGUS FALLS; SALES AND USE TAX AUTHORIZED.
1.5 Subdivision 1. Sales and use tax. Notwithstanding Minnesota Statutes, section
1.6297A.99, subdivision 1, or 477A.016, or any other provision of law, ordinance, or city
1.7charter, the city of Fergus Falls may impose by ordinance a sales and use tax of up to
1.8one-half of one percent for the purposes specified in subdivision 2. Except as provided in
1.9this section, the provisions of Minnesota Statutes, section 297A.99, govern the imposition,
1.10administration, collection, and enforcement of the tax authorized under this subdivision.
1.11 Subd. 2. Use of revenues. Revenues received from taxes authorized by subdivision
1.121 must be used by the city of Fergus Falls to pay the cost of collecting the tax and to pay
1.13for all or part of the costs of the acquisition and betterment of a regional community ice
1.14arena facility. Authorized expenses include, but are not limited to, acquiring property,
1.15predesign, design, and paying construction, furnishing, and equipment costs related to
1.16the facility and paying debt service on bonds or other obligations issued by the Fergus
1.17Falls Port Authority to finance the facility.
1.18 Subd. 3. Termination of taxes. The tax imposed under this section expires when
1.19the Fergus Falls City Council determines that sufficient funds have been received from
1.20the taxes to finance the facility and to prepay or retire at maturity the principal, interest,
1.21and premium due on any bonds, including refunding bonds, issued by the Fergus Falls
1.22Port Authority for the facility. Any funds remaining after completion of the facility and
1.23retirement or redemption of the bonds may be placed in the general fund of the city of
2.1Fergus Falls. The tax imposed under subdivision 1 may expire at an earlier time if the
2.2city so determines by ordinance.
2.3EFFECTIVE DATE.This section is effective the day after the governing body
2.4of the city of Fergus Falls and its chief clerical officer timely comply with Minnesota
2.5Statutes, section 645.021, subdivisions 2 and 3.
