City of Taylors Falls local sales and use tax imposition authorization

This bill authorizes the city of Taylors Falls to impose a 0.5% local sales and use tax if approved by voters in a special election. The tax revenue must be used to cover the costs of collecting the tax and to fund specific projects, including $600,000 for a community center, $1,000,000 for a river walk and trail system, and $400,000 for a town square. The legislation also allows the city to issue up to $2,000,000 in bonds to help finance these projects, with repayment coming from the tax revenue or other city funds. 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.