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The Minot Area Growth through Investment and Cooperation Fund, or MAGIC Fund, is a growth fund financed through a one percent sales tax in the city of Minot, North Dakota. The fund was approved by voters on May 1, 1990, and the money is used for economic development, capital improvements and property tax relief.
Minot (/ ˈ m aɪ n ɒ t / ⓘ MY-not) is a city in and the county seat of Ward County, North Dakota, United States, [8] in the state's north-central region. It is most widely known for the Air Force base approximately 15 miles (24 km) north of the city.
Sales taxes in the United States are taxes placed on the sale ... North Dakota has a 5% state sales tax for ... 7.25% in Grafton; 7.5% in Minot; 6.75% in ...
In 1998, voters in Minot decided to levy a 1% sales tax to go towards the construction of NAWS, but it is not enough to complete the program without federal funding. Further compounding the situation was an illegal diversion of funds from the NAWS tax fund into the city's MAGIC Fund. After a lawsuit was filed against the city, it was ordered to ...
North Dakota voters will decide this fall whether to eliminate property taxes in what would be a first for a state and a major change that officials initially estimate would require more than $1 ...
Get the Minot, ND local weather forecast by the hour and the next 10 days.
The Minot Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of three counties in North Dakota, anchored by the city of Minot. As of the 2010 census, the area had a population of 69,540. In 2012, it was estimated that the population of the Minot Micropolitan Area was 73,146. [1]
Quill Corp. v. North Dakota, 504 U.S. 298 (1992), was a Supreme Court case that determined that the Dormant Commerce Clause prohibited states from collecting sales taxes from purchases made by their residents from out-of-state vendors that did not have a physical presence within that state unless legislation from the United States Congress allowed them to do so.