SF 452

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; providing a sales tax exemption 
  1.3             for construction materials and supplies used to build 
  1.4             certain business incubator and industrial park 
  1.5             facilities; proposing coding for new law in Minnesota 
  1.6             Statutes, chapter 297A. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  [297A.2574] [BUSINESS INCUBATOR AND INDUSTRIAL 
  1.9   PARK FACILITY; EXEMPTION FOR CONSTRUCTION MATERIALS.] 
  1.10     Materials, equipment, and supplies used or consumed in 
  1.11  constructing, or incorporated into the construction of, an 
  1.12  exempted facility as defined in this section are exempt from the 
  1.13  taxes imposed under this chapter and from any sales and use tax 
  1.14  imposed by a local unit of government, notwithstanding any 
  1.15  ordinance or city charter provision. 
  1.16     As used in this section, an "exempted facility" is a 
  1.17  facility that includes a business incubator and industrial park 
  1.18  that: 
  1.19     (1) is owned and operated by a nonprofit charitable 
  1.20  organization that qualifies for tax exemption under section 
  1.21  501(c)(3) of the Internal Revenue Code; 
  1.22     (2) is used for the development of nonretail businesses, 
  1.23  offering access to equipment, space, services, and advice to the 
  1.24  tenant businesses, for the purpose of encouraging economic 
  1.25  development and job creation in the area served by the 
  1.26  organization, and emphasizes development of businesses that 
  2.1   manufacture products from materials found in the waste stream, 
  2.2   or manufacture alternative energy and conservation systems, or 
  2.3   make use of emerging environmental technologies; 
  2.4      (3) includes in its structure systems of material and 
  2.5   energy exchanges that use waste products from one industrial 
  2.6   process as sources of energy and material for other processes; 
  2.7   and 
  2.8      (4) makes use of solar and wind energy technology and 
  2.9   incorporates salvaged materials in its construction. 
  2.10     The tax shall be imposed and collected as if the rate under 
  2.11  section 297A.02, subdivision 1, applied, and then refunded in 
  2.12  the manner provided in section 297A.15, subdivision 5. 
  2.13     Sec. 2.  [EFFECTIVE DATE.] 
  2.14     Section 1 is effective for sales after June 30, 1997.