HF 2078

as introduced - 89th Legislature (2015 - 2016) Posted on 03/23/2015 01:24pm

A bill for an act
relating to taxation; sales and use; providing an exemption for construction of
certain housing by the Worthington Housing and Redevelopment Authority;
appropriating money.

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

Section 1. new text begin SALES TAX EXEMPTION FOR CONSTRUCTION OF
CERTAIN HOUSING; WORTHINGTON HOUSING AND REDEVELOPMENT
AUTHORITY.
new text end

new text begin Subdivision 1. new text end

new text begin Exemption. new text end

new text begin Materials and supplies used in, including the material
components of modular homes, and equipment incorporated into the construction and
initial equipping of a multifamily moderate income rental housing facility developed by
the Worthington Housing and Redevelopment Authority are exempt from sales tax under
chapter 297A provided that:
new text end

new text begin (1) the facility consists of at least 45 townhome housing units;
new text end

new text begin (2) the facility is built at the southwest quadrant of the intersection of County Road
35 and County Road 5 (Read Avenue) in the city of Worthington; and
new text end

new text begin (3) construction and equipping of the facility is completed by ......
new text end

new text begin The exemption applies to qualifying purchases of the Worthington Housing and
Redevelopment Authority and its contractors, subcontractors, and builders.
new text end

new text begin Subd. 2. new text end

new text begin Tax paid; refund. new text end

new text begin The tax on purchases exempt under subdivision 1 must
be imposed and collected as if the rate under Minnesota Statutes, section 297A.62, applied,
and then refunded in the manner provided in Minnesota Statutes, section 297A.75. The
applicant for the refund must be the Worthington Housing and Redevelopment Authority.
If the tax was paid by a contractor, subcontractor, or builder, the contractor, subcontractor,
or builder must furnish to the refund applicant a statement including the cost of the exempt
items and the taxes paid on the items.
new text end

new text begin Subd. 3. new text end

new text begin Appropriation. new text end

new text begin The amount required to make the refund under this section
is appropriated from the general fund to the commissioner of revenue.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales and purchases made after ...
and before .....
new text end