Minnesota SF5118 authorizes certain jurisdictions to impose sales and use taxes, as well as income and corporate franchise taxes, for a limited.

Minnesota SF5118 allows eligible jurisdictions, including Hennepin County and first-class cities in the metropolitan area, to impose various taxes. These include a sales and use tax of up to one percent, an income tax of up to one percent on resident and nonresident individuals, and an income tax of up to one percent on corporations producing gross income within the jurisdiction. The taxes are in addition to any local sales and use tax imposed under other laws.

Minnesota SF5118 authorizes certain jurisdictions to impose sales and use taxes, as well as income and corporate franchise taxes, for a limited.

Minnesota SF5118 allows eligible jurisdictions, including Hennepin County and first-class cities in the metropolitan area, to impose various taxes. These include a sales and use tax of up to one percent, an income tax of up to one percent on resident and nonresident individuals, and an income tax of up to one percent on corporations producing gross income within the jurisdiction. The taxes are in addition to any local sales and use tax imposed under other laws.