as introduced - 93rd Legislature (2023 - 2024) Posted on 04/02/2024 01:17pm
A bill for an act
relating to taxation; sales and use; providing a refundable exemption for
construction materials for a new school building in the Le Sueur-Henderson School
District.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) Materials and supplies used in and equipment
incorporated into the construction of a new elementary school in Independent School District
No. 2397, Le Sueur-Henderson, are exempt from sales and use tax imposed under Minnesota
Statutes, chapter 297A, if materials, supplies, and equipment are purchased after May 31,
2023, and before January 1, 2025.
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(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, 2024.
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The amount required to pay the refunds under subdivision 1
is appropriated from the general fund to the commissioner of revenue.
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This section is effective retroactively for sales and purchases
made after May 31, 2023, and before January 1, 2025.
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