Taylor Falls authorized to impose local sales and use tax.

This bill authorizes the city of Taylors Falls in Minnesota to impose a one-half percent local sales and use tax if approved by voters in an election. The tax revenue would be used to fund specific community projects, including $600,000 for a community center, $1,000,000 for river walk improvements, and $400,000 for a town square, as well as costs related to collecting the tax and issuing bonds. The city may issue up to $2,000,000 in bonds to help finance these projects without being subject to certain state debt limitations. The tax would expire after 20 years or once the projects are fully funded, whichever comes first, with any remaining funds going to the city's general fund.