as introduced - 93rd Legislature (2023 - 2024) Posted on 03/09/2023 12:49pm
Engrossments | ||
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Introduction | Posted on 03/09/2023 |
A bill for an act
relating to taxation; sales and use; providing an exemption for construction materials
for certain school buildings; appropriating money.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) Materials and supplies used in and equipment
incorporated into the construction of a new school in Independent School District No. 2906,
Red Lake County School District, are exempt from sales and use tax imposed under
Minnesota Statutes, chapter 297A, if materials, supplies, and equipment are purchased after
December 31, 2020, and before January 1, 2026.
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(b) The tax must be imposed and collected as if the rate under Minnesota Statutes, section
297A.62, subdivision 1, applied, and then refunded in the same manner provided for projects
under Minnesota Statutes, section 297A.75, subdivision 1, clause (17). Refunds for eligible
purchases must not be issued until after June 30, 2023.
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The amount required to pay the refunds under subdivision 1
is appropriated from the general fund to the commissioner of revenue.
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This section is effective retroactively from January 1, 2021, and
applies to sales and purchases made after December 31, 2020, and before January 1, 2026.
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