Bill > SF2657

This bill extends the local sales tax authority for the city of St. Paul, changing the expiration date from December 31, 2042, to December 31, 2060. The bill modifies an existing law that allows the city to impose a sales tax for specific purposes. Under the current provisions, the sales tax can expire either when the city council determines that sufficient revenues have been collected to pay for approved project costs and bond-related expenses, or after 20 years from the initial tax imposition. Any remaining funds after project completion and bond retirement can be placed in the city's general fund. The bill also includes an effective date provision that requires the city's governing body and chief clerical officer to comply with specific statutory requirements before the extension takes effect. This extension will provide the city with additional time to generate revenue for authorized municipal projects, potentially allowing for continued infrastructure improvements or other planned investments.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2657&ssn=0&y=2025