Minnesota SF 972: Independent school district #276, Minnetonka; fund transfer authorization

Bill Text

1.1 A bill for an act​
1.2 relating to taxation; sales and use; providing a refundable exemption for certain​
1.3 construction materials used in Itasca County.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. ITASCA COUNTY; SALES TAX EXEMPTION FOR CONSTRUCTION​
1.6 MATERIALS.​
1.7 Subdivision 1.Exemption; refund.(a) Materials and supplies used or consumed in and​
1.8 equipment incorporated into the construction, reconstruction, upgrade, expansion, renovation,​
1.9 or remodeling of the Itasca County government center are exempt from sales and use tax​
1.10 under Minnesota Statutes, chapter 297A, provided that the materials, supplies, and equipment​
1.11 were purchased after April 30, 2021, and before January 1, 2025.​
1.12 (b) The tax must be imposed and collected as if the rate under Minnesota Statutes, section​
1.13 297A.62, subdivisions 1 and 1a, applied and then refunded in the same manner provided​
1.14 for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17).​
1.15 Notwithstanding Minnesota Statutes, section 289A.40, subdivision 1, claims for refund may​
1.16 be filed until January 1, 2026. No refunds may be paid before July 1, 2025.​
1.17 Subd. 2.Appropriation.The amount required to pay the refunds under subdivision 1​
1.18 is appropriated from the general fund to the commissioner of revenue.​
1.19 EFFECTIVE DATE.This section is effective retroactively for sales and purchases​
1.20 made after April 30, 2021, and before January 1, 2025.​
1​Section 1.​
25-02013 as introduced​01/27/25 REVISOR EAP/LJ​
SENATE​
STATE OF MINNESOTA​
S.F. No. 972​NINETY-FOURTH SESSION​
(SENATE AUTHORS: FARNSWORTH, Hauschild and Green)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​265​02/03/2025​
Referred to Taxes​
Author stricken Eichorn​1024​03/24/2025​