This bill authorizes the city of Wayzata to impose a food and beverage tax of up to one percent on the gross receipts from all sales of food and beverages by restaurants and places of refreshment within the city. This tax is permitted despite existing laws, including Minnesota Statutes, section 477A.016. The definition of "food and beverages" includes the retail on-sale of intoxicating liquor and fermented malt beverages.

The proceeds from this tax are designated for specific uses, including the operation, maintenance, and capital improvements of city parks, public safety expenses, and costs associated with downtown business attraction and retention. The city may also enter into an agreement with the commissioner of revenue for the administration, collection, and enforcement of the tax, following the provisions outlined in Minnesota Statutes, section 297A.99. The bill will take effect once the governing body of Wayzata and its chief clerical officer comply with the necessary statutory requirements.