Minnesota HF3390 authorizes Owatonna to impose a local sales and use tax and issue bonds for community center construction.

Minnesota HF3390 allows the city of Owatonna to impose a local sales and use tax of one-half of one percent, subject to voter approval. The tax revenue will fund the construction of a community center, up to $75 million, and associated bonding costs. The tax can be used in addition to any other local sales and use tax. The tax expires 25 years after imposition or when sufficient funds are collected for the project. The city can issue bonds under Minnesota Statutes, chapter 475, to finance the project, with a maximum principal amount of $75 million.

Minnesota HF3390 authorizes Owatonna to impose a local sales and use tax and issue bonds for community center construction.

Minnesota HF3390 allows the city of Owatonna to impose a local sales and use tax of one-half of one percent, subject to voter approval. The tax revenue will fund the construction of a community center, up to $75 million, and associated bonding costs. The tax can be used in addition to any other local sales and use tax. The tax expires 25 years after imposition or when sufficient funds are collected for the project. The city can issue bonds under Minnesota Statutes, chapter 475, to finance the project, with a maximum principal amount of $75 million.