Authorizes the City of Taylors Falls to impose a local sales and use tax for community projects.

The bill authorizes the City of Taylors Falls to impose a local sales and use tax of one-half percent. The tax revenue will be used to cover the costs of collecting and administering the tax, and to finance community projects including a community center, Taylors Falls River Walk improvements, and a town square. The tax is subject to termination after 20 years or earlier if the city council decides the revenue is sufficient. The city can issue bonds to finance the projects, with the bonds not subject to certain debt limitations.

Authorizes the City of Taylors Falls to impose a local sales and use tax for community projects.

The bill authorizes the City of Taylors Falls to impose a local sales and use tax of one-half percent. The tax revenue will be used to cover the costs of collecting and administering the tax, and to finance community projects including a community center, Taylors Falls River Walk improvements, and a town square. The tax is subject to termination after 20 years or earlier if the city council decides the revenue is sufficient. The city can issue bonds to finance the projects, with the bonds not subject to certain debt limitations.