Minnesota SF 945: Redwood Independent School District refundable exemption for construction material provision for certain projects

Bill Text

1.1 A bill for an act​
1.2 relating to sales and use; providing a refundable exemption for construction​
1.3 materials for certain projects in the Redwood Independent School District.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. REDWOOD AREA INDEPENDENT SCHOOL DISTRICT;​
1.6 REFUNDABLE SALES AND USE TAX EXEMPTION FOR CONSTRUCTION​
1.7 MATERIALS.​
1.8 Subdivision 1.Exemption; refund.(a) Materials and supplies used or consumed in and​
1.9 equipment incorporated into the construction, reconstruction, upgrade, expansion, renovation,​
1.10 or remodeling of Redwood Valley Elementary in Independent School District No. 2897,​
1.11 Redwood Falls, are exempt from sales and use tax imposed under Minnesota Statutes,​
1.12 chapter 297A, if materials, supplies, and equipment are purchased after March 11, 2024,​
1.13 and before September 9, 2026.​
1.14 (b) The tax must be imposed and collected as if the rate under Minnesota Statutes, section​
1.15 297A.62, subdivisions 1 and 1a, applied and then refunded in the same manner provided​
1.16 for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17).​
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 March 11, 2024, and before September 9, 2026.​
1​Section 1.​
25-00706 as introduced​01/13/25 REVISOR EAP/AC​
SENATE​
STATE OF MINNESOTA​
S.F. No. 945​NINETY-FOURTH SESSION​
(SENATE AUTHORS: DAHMS, Weber and Hoffman)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​261​02/03/2025​
Referred to Taxes​