Authorizes the City of Northfield to impose a local sales and use tax for specific projects.
The bill authorizes the City of Northfield to impose a local sales and use tax of up to one-half of one percent. The tax revenue will fund the acquisition, rehabilitation, and betterment of the Northfield Public Library, Northfield Community Resource Center, and Riverfront Parks. The tax expires 20 years after imposition or when project costs are met. The city can issue bonds to finance these projects, with a maximum bond amount of $13,100,000.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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