Minnesota Legislature
HF 3316
as introduced - 86th Legislature (2009 - 2010) Posted on 03/03/2010 03:56pm
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A bill for an act
relating to taxation; providing a sales tax exemption for construction materials for
new and expanding businesses in St. Charles; authorizing the city of St. Charles
to create a tax increment financing district subject to certain rules; amending
Minnesota Statutes 2009 Supplement, section 297A.71, subdivision 41.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2009 Supplement, section 297A.71, subdivision 41,
is amended to read:
Subd. 41.
Construction materials; deleted text beginmeat processing facilitydeleted text endnew text begin St. Charles
businessesnew text end.
Materials and supplies used or consumed in, and equipment incorporated
into, the construction or improvement of a deleted text beginmeat processing facilitydeleted text endnew text begin new or expanding
businesses in St. Charlesnew text end are exempt. deleted text beginThis facilitydeleted text endnew text begin To qualify for the exemption, a businessnew text end
must deleted text beginbe constructed to replace a meat processing facility destroyed in a fire in April 2009,
that employed more than 200 employees at the time of the destructiondeleted text endnew text begin create a minimum of
five full-time equivalent jobs or increase its workforce by 20 percent, whichever is greaternew text end.
The tax must be imposed and collected as if the rate under section 297A.62, subdivision 1,
applied and then refunded after June 30, 2011, in the manner provided in section 297A.75.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for sales and purchases made after
June 30, 2010, and before July 1, 2015.
new text end
Sec. 2. new text beginCITY OF ST. CHARLES.
new text end
new text begin
The governing body of the city of St. Charles may create an economic development
tax increment financing district and use tax increment from the district without regard to
the limitations in Minnesota Statutes, section 469.176, subdivision 4c. Tax increments
from the district may be used to provide for building materials and equipment that provide
energy efficiencies to new business facilities located in the district.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective upon approval by the governing body
of the city of St. Charles and compliance by the city with Minnesota Statutes, section
645.021, subdivision 3.
new text end