Minnesota bill allows cities and counties to impose local sales taxes for specific projects, with oversight, revenue sharing, and reporting.

The bill authorizes cities and counties in Minnesota to impose local sales taxes for certain projects, including parks, trails, sports complexes, community centers, convention centers, district courts, law enforcement centers, and libraries. It requires these political subdivisions to obtain approval from the commissioner and voter approval before imposing the tax. The tax must be dedicated to the specified capital projects, with a maximum collection period of 30 years. The bill also mandates annual financial reporting, revenue sharing, and a report to the legislature.

Minnesota bill allows cities and counties to impose local sales taxes for specific projects, with oversight, revenue sharing, and reporting.

The bill authorizes cities and counties in Minnesota to impose local sales taxes for certain projects, including parks, trails, sports complexes, community centers, convention centers, district courts, law enforcement centers, and libraries. It requires these political subdivisions to obtain approval from the commissioner and voter approval before imposing the tax. The tax must be dedicated to the specified capital projects, with a maximum collection period of 30 years. The bill also mandates annual financial reporting, revenue sharing, and a report to the legislature.