Minnesota SF 61: Individual income tax unreimbursed employee expenses subtraction creation

Bill Text

1.1 A bill for an act​
1.2 relating to taxation; sales and use; providing a refundable exemption for​
1.3 construction materials for certain projects in the city of Plymouth.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. CITY OF PLYMOUTH; SALES AND USE TAX EXEMPTION FOR​
1.6 CONSTRUCTION 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 following projects relating to the City Center revitalization project in​
1.10 the city of Plymouth are exempt from sales and use tax under Minnesota Statutes, chapter​
1.11 297A, provided that the materials, supplies, and equipment are purchased after December​
1.12 31, 2023, and before July 1, 2028:​
1.13 (1) construction of a public parking ramp;​
1.14 (2) renovation of Plymouth Boulevard;​
1.15 (3) expansion of the Plymouth Ice Center;​
1.16 (4) construction of regional stormwater ponding;​
1.17 (5) roadway realignment; and​
1.18 (6) expansion of the Plymouth Community Center.​
1.19 (b) Materials and supplies used or consumed in and equipment incorporated into the​
1.20 renovation of the Zachary Water Treatment Plant and the renovation of Meadows Playfield​
1.21 in the city of Plymouth are exempt from sales and use tax under Minnesota Statutes, chapter​
1​Section 1.​
25-00707 as introduced​11/26/24 REVISOR EAP/RC​
SENATE​
STATE OF MINNESOTA​
S.F. No. 61​NINETY-FOURTH SESSION​
(SENATE AUTHORS: WESTLIN and Rest)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​68​01/16/2025​
Referred to Taxes​
Author added Rest​233​01/30/2025​

2.1 297A, provided that the materials, supplies, and equipment are purchased after December​
2.2 31, 2023, and before July 1, 2028.​
2.3 (c) The tax must be imposed and collected as if the rate under Minnesota Statutes, section​
2.4 297A.62, subdivisions 1 and 1a, applied and then refunded in the same manner provided​
2.5 for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17). Refunds​
2.6 for eligible purchases must not be issued until after June 30, 2025.​
2.7 Subd. 2.Appropriation.The amount required to pay the refunds under subdivision 1​
2.8 is appropriated from the general fund to the commissioner of revenue.​
2.9 EFFECTIVE DATE.This section is effective retroactively for sales and purchases​
2.10 made after December 31, 2023, and before July 1, 2028.​
2​Section 1.​
25-00707 as introduced​11/26/24 REVISOR EAP/RC​