HF 1797

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/04/2021 05:05pm

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, 2022, and before July 1, 2024. 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, 2022, and before
July 1, 2024.
new text end