Minneslate Logo

SF1005 (Legislative Session 94 (2025-2026))

Austin local sales and use tax authorization

Related bill: HF1456

AI Generated Summary

The legislative bill S.F. No. 1005 allows the city of Austin, Minnesota, to introduce a local sales and use tax of 0.5%. The purpose of this tax is to fund up to $25 million, plus additional costs related to bonding, for the construction and operation of a new law enforcement center.

Voter approval is required to implement this tax. Once approved, the city can also issue bonds to finance the construction costs. The tax will end 14 years after it is first implemented or when enough funds have been collected to cover the $25 million in authorized project costs and any bond-related expenses. Any excess funds collected will go into the city's general fund.

The city has the flexibility to end this tax earlier if decided by an ordinance. Additionally, the financial specifics of managing the bond and tax revenue are outlined, ensuring that this allocation does not affect the city's other debt calculations or tax limitations.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 05, 2025SenateFloorActionIntroduction and first reading
February 05, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Authorization for the city of Austin to impose a sales and use tax."
      ],
      "removed": [],
      "summary": "The bill authorizes a local sales and use tax in the city of Austin with a reference to section 297A.99.",
      "modified": [
        "Clarifies the administration and enforcement of the tax under section 297A.99."
      ]
    },
    "citation": "297A.99"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Refers to section 477A.016 in relation to local taxes and bonding.",
      "modified": [
        "Acknowledges exceptions to general provisions in local tax authorization."
      ]
    },
    "citation": "477A.016"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Mentions section 475.58 concerning election requirements for bond approval.",
      "modified": [
        "Specifies that a separate election under section 475.58 for bond approval is not required."
      ]
    },
    "citation": "475.58"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Involves section 475.61 regarding levy of taxes for bonds.",
      "modified": [
        "Excludes the applicability of levy limitations under section 475.61 for the bonds issued."
      ]
    },
    "citation": "475.61"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Exempts bonds from limitations under section 275.60.",
      "modified": [
        "Clarifies the non-subjection of bond issuance to limitations in section 275.60."
      ]
    },
    "citation": "275.60"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Exempts bonds from limitations under section 275.61.",
      "modified": [
        "Clarifies the non-subjection of bond issuance to limitations in section 275.61."
      ]
    },
    "citation": "275.61"
  }
]

Sponsors