Purpose

• Extend the expiration of the city of Little Falls’ food and beverage tax.

Main Provisions

• The bill amends the expiration rule for the tax to be 30 years after the tax first becomes effective.
• The first effective date is specified as July 1, 2056.
• Therefore, the tax would expire on July 1, 2086.
• This change relates to Laws 1996 chapter 471 article 2 section 30 subdivision 5, as amended by Laws 2009 chapter 88 article 4 section 17 subdivision 5, and modifies only the expiration timing of the tax.

Significant Changes to Existing Law

• Replaces the previous expiration term with a 30-year expiration measured from the first effective date (July 1, 2056).
• Effectively extends the life of the Little Falls food and beverage tax to 2086, with no described changes to the tax rate, base, or administration in this excerpt.

Implications (plain-language)

• Residents and businesses in Little Falls would continue to support the food and beverage tax until the new expiration date, extending the potential funding period for city needs funded by the tax.

Relevant Terms - food and beverage tax - Little Falls - expiration - taxing authority - subdivision 5 - Laws 1996 chapter 471 article 2 section 30 - as amended - first becomes effective - July 1, 2056 - expires July 1, 2086