Extends the duration of the Hermantown local sales and use tax until December 31, 2046.

The bill amends the Hermantown local sales and use tax duration, extending it until December 31, 2046. The tax will terminate earlier if the Hermantown City Council determines sufficient funds have been collected to cover specified costs, including bonds and associated bond costs. Any remaining funds after completing the improvements and retiring or redeeming the bonds can be placed in the city's general fund. This change is effective the day following final enactment without local approval.

Extends the duration of the Hermantown local sales and use tax until December 31, 2046.

The bill amends the Hermantown local sales and use tax duration, extending it until December 31, 2046. The tax will terminate earlier if the Hermantown City Council determines sufficient funds have been collected to cover specified costs, including bonds and associated bond costs. Any remaining funds after completing the improvements and retiring or redeeming the bonds can be placed in the city's general fund. This change is effective the day following final enactment without local approval.