SF 2993

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/28/2025 09:34 a.m.

A bill for an act
relating to taxation; sales and use; providing a refundable exemption for
construction materials for the Upper Harbor Terminal Amphitheater in the city of
Minneapolis.

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

Section 1. new text begin CITY OF MINNEAPOLIS; SALES AND USE TAX EXEMPTION FOR
CONSTRUCTION MATERIALS.
new text end

new text begin Subdivision 1. new text end

new text begin Exemption; refund. new text end

new text begin (a) Materials, supplies, fixtures, furniture, and
equipment used in or incorporated into the construction, reconstruction, renovation,
demolition, upgrade, repair, maintenance, or improvement of public infrastructure for the
Upper Harbor Terminal Amphitheater in the city of Minneapolis are exempt from sales and
use tax imposed under Minnesota Statutes, chapter 297A. To be eligible for the exemption,
purchases must be made by a contractor, subcontractor, or the operator of the amphitheater,
and must be made after June 30, 2025, and before January 1, 2029.
new text end

new text begin (b) The tax must be imposed and collected as if the rate under Minnesota Statutes, section
297A.62, subdivisions 1 and 1a, applied and then refunded in the same manner provided
for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17).
new text end

new text begin Subd. 2. new text end

new text begin Appropriation. new text end

new text begin The amount required to pay the refunds under subdivision 1
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 June
30, 2025, and before January 1, 2029.
new text end