HF 4869

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/21/2024 04:07pm

A bill for an act
relating to taxation; sales and use; modifying the exemption for certain construction
materials used in the city of Ramsey; amending Laws 2023, chapter 64, article 5,
section 25, subdivision 1.

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

Section 1.

Laws 2023, chapter 64, article 5, section 25, subdivision 1, is amended to read:

Subdivision 1.

Exemption; refund.

(a) Materials and supplies used or consumed in and
equipment incorporated into the construction, reconstruction, upgrade, expansion, renovation,
or remodeling of a new water treatment plant new text begin and trunk water main improvements new text end in the
city of Ramsey are exempt from sales and use tax under Minnesota Statutes, chapter 297A,
provided that the materials, supplies, and equipment are purchased after December 31, 2022,
and before July 1, 2027.

(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). Refunds for eligible
purchases must not be issued until after June 30, 2023, and before July 1, 2027.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively for sales and purchases
made after December 31, 2022.
new text end