HF 2819

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/09/2023 12:49pm

A bill for an act
relating to taxation; sales and use; providing a refundable exemption for building
materials and capital equipment for the city of Spring Grove; appropriating money.

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

Section 1. new text begin CITY OF SPRING GROVE; SALES AND USE TAX EXEMPTION FOR
CONSTRUCTION MATERIALS AND CAPITAL EQUIPMENT.
new text end

new text begin Subdivision 1. new text end

new text begin Exemption; refund. new text end

new text begin (a) The sale and purchase of the following items
are exempt from sales and use tax imposed under Minnesota Statutes, chapter 297A, if the
items are used to repair, replace, or otherwise recover from real and personal property
damage that occurred during the fire on December 22, 2022, in the city of Spring Grove:
new text end

new text begin (1) building materials and supplies used or consumed in, and equipment incorporated
into, the construction, replacement, or repair of real property; and
new text end

new text begin (2) capital equipment to replace equipment destroyed in the fire.
new text end

new text begin (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). The exemption under
paragraph (a) applies to sales and purchases made after December 22, 2022, and before
January 1, 2028. Refunds for eligible purchases must not be issued until after June 30, 2023.
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 retroactively from December 23, 2022,
and applies to sales and purchases made after December 22, 2022, and before January 1,
2028.
new text end