Certain jurisdictions authorization to impose various taxes

This bill authorizes Hennepin County and first-class cities in the Minneapolis metropolitan area to impose new local taxes on sales, use, and income. Under the legislation, these jurisdictions could levy up to one percent on sales and use transactions, as well as up to one percent on the taxable income of corporations and individuals. The authority to implement these taxes is temporary, expiring in 2029 for sales taxes and 2030 for income taxes, with specific limits on the duration of each tax period. All revenue collected from these new taxes would be deposited into the state general fund and appropriated to support uncompensated care at designated trauma hospitals and other private nonprofit hospitals in the eligible areas.