HF 351

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/30/2023 08:22pm

A bill for an act
relating to taxation; modifying sales and use taxes; extending a sales tax exemption
for certain construction materials; amending Minnesota Statutes 2022, section
297A.71, subdivision 51.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 297A.71, subdivision 51, is amended to read:

Subd. 51.

Properties destroyed by fire.

(a) Building materials and supplies used or
consumed in, and equipment incorporated into, the construction or replacement of real
property affected by, and capital equipment to replace equipment destroyed in, the fire on
March 11, 2018, in the city of Mazeppa are exempt. The tax must be imposed and collected
as if the rate under section 297A.62, subdivision 1, applied and then refunded in the manner
provided in section 297A.75. For purposes of this subdivision, "capital equipment" includes
durable equipment used in a restaurant for food storage, preparation, and serving.

(b) The exemption under this subdivision applies to sales and purchases made after
March 11, 2018, and before January 1, deleted text begin 2022 deleted text end new text begin 2024 new text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively from March 11, 2018.
new text end