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

The bill amends the existing Hermantown local sales and use tax to extend its duration until December 31, 2046. The tax will terminate earlier if the Hermantown City Council determines that 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 may be placed in the city's general fund.

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

The bill amends the existing Hermantown local sales and use tax to extend its duration until December 31, 2046. The tax will terminate earlier if the Hermantown City Council determines that 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 may be placed in the city's general fund.