Minneapolis; local sales tax use of revenue modified, and downtown taxing area modified.

This bill modifies how Minneapolis uses local sales tax revenue and redefines the geographic area where those taxes apply. It requires the city to deposit specific amounts into the general fund to support state bond debt service and the Minnesota Sports Facilities Authority through 2046, with calculations based on tax increases since 2011. The bill also updates the boundaries of the downtown taxing area, expanding it to include new streets while excluding certain zones like those with wine-licensed restaurants. These changes take effect immediately for revenue allocations and on September 30, 2026, for the revised taxing area.