Northfield authorized to impose a local sales and use tax for public library, community center, and park projects.

The bill authorizes the city of Northfield to impose a local sales and use tax of up to 0.5% for specific projects. The tax revenue will fund the acquisition, rehabilitation, and betterment of the Northfield Public Library, Northfield Community Resource Center, and interconnected city Riverfront Parks. The tax expires 20 years after imposition or when project costs are covered. The city can issue bonds to finance these projects, with a maximum bond amount of $13,100,000. The tax and bond issuance are governed by Minnesota Statutes, section 297A.99.

Northfield authorized to impose a local sales and use tax for public library, community center, and park projects.

The bill authorizes the city of Northfield to impose a local sales and use tax of up to 0.5% for specific projects. The tax revenue will fund the acquisition, rehabilitation, and betterment of the Northfield Public Library, Northfield Community Resource Center, and interconnected city Riverfront Parks. The tax expires 20 years after imposition or when project costs are covered. The city can issue bonds to finance these projects, with a maximum bond amount of $13,100,000. The tax and bond issuance are governed by Minnesota Statutes, section 297A.99.