This bill authorizes the city of Blaine to impose special taxes on certain sales transactions within the city, specifically targeting the 105th Redevelopment Area. The city can enact these taxes through an ordinance, allowing for a tax of up to three percent on gross receipts from food and beverage sales, lodging for short stays, and admissions to amusement or athletic events. The total tax on lodging, when combined with existing taxes, cannot exceed six percent. The city council has the authority to adjust these tax rates periodically to ensure sufficient revenue for designated purposes.

The revenues generated from these taxes are to be used exclusively for financing capital improvements within the taxing area, including costs related to acquiring, designing, and maintaining facilities. The city is also granted the authority to issue bonds to fund development projects, with these bonds not subject to typical debt limitations. Additionally, the bill stipulates that the taxes cannot be terminated before January 1, 2055, and outlines provisions for tax collection and enforcement, which may involve an agreement with the state’s commissioner of revenue. The bill will take effect following compliance with specific statutory requirements by the city’s governing body.