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TAXES <br />• Two-year moratorium on local sales taxes, with a task <br />force slated to report to the Legislature in January <br />2024 with recommendations for possible changes to <br />the approval process. <br />• 20% one-time increase to property tax refunds for <br />both homeowners and renters. <br />• Conversion of the renters credit from a separate <br />property tax refund to an income tax credit. <br />• Establishes an electric generation transition aid for <br />cities that lose tax base when an electric generation <br />plant retires. <br />• Eight-year extension of the Historic Structure <br />Rehabilitation Tax Credit. <br />TRANSPORTATION <br />• The transportation bill provides ongoing funding for <br />the Small Cities Assistance Account and establishes <br />and funds the Larger Cities Assistance Account. Both <br />are funded by a new 50-cent retail delivery fee on <br />purchases over $100 and dedication of the sales tax <br />on auto repair parts. <br />• $18 million for the Local Road Improvement Program. <br />• $18 million for the Local Bridge Replacement <br />Program. <br />• Increases in license tab fees, the motor vehicle sales <br />tax, and the gas tax (indexed for inflation), which <br />will fund the Highway User Tax Distribution Fund <br />resulting in a $40 million increase to Municipal State <br />Aid over the previous biennium. <br />• Three-fourths of a percent increase in the sales tax in <br />the metro area for transit and county roads. <br />FURTHER READING/RESOURCES <br />Webinars, including a full 2023 legislative recap, are available to members through the LMC website: <br />• lmc.org/webinars <br />Members can find a full breakdown of bills passed into law with the League’s 2023 Law Summaries and <br />Focus on New Laws, which will be updated throughout the summer: <br />• lmc.org/lawsummaries2023 <br />• lmc.orgfonl <br />For bi-weekly updates outside of legislative session and weekly updates during session, subscribe to the <br />LMC Cities Bulletin e-newsletter: <br />• lmc.org/citiesbulletin <br />Interested in getting involved in legislative issues? Sign up for League’s Policy Committees and Task <br />Forces. Starting in July, join fellow city officials in working on issues that impact cities across Minnesota. <br />Read more and sign up for policy committees here: <br />• lmc.org/policy-committees