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Capital IconMinnesota Legislature

HF 1623

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/13/2023 01:06pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17
1.18 1.19 1.20

A bill for an act
relating to taxation; sales and use; providing a refundable construction exemption
for building materials for the Central Park project in the city of Woodbury;
appropriating money.

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

Section 1. new text begin SALES TAX EXEMPTION FOR CONSTRUCTION MATERIALS; CITY
OF WOODBURY; CENTRAL PARK.
new text end

new text begin Subdivision 1. new text end

new text begin Exemption; refund. new text end

new text begin Materials and supplies used or consumed in and
equipment incorporated into the construction, reconstruction, upgrade, expansion, renovation,
or remodeling of the Central Park project in the city of Woodbury are exempt from sales
and use tax under Minnesota Statutes, chapter 297A, provided that the materials, supplies,
and equipment are purchased after June 30, 2023, and before January 1, 2026. 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).
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; APPLICATION. new text end

new text begin This section is effective the day following
final enactment and applies to sales and purchases made after June 30, 2023, and before
January 1, 2026.
new text end