SF 2301

as introduced - 87th Legislature (2011 - 2012) Posted on 03/09/2012 11:33am

A bill for an act
relating to taxes; sales and use; modifying construction exemptions; amending
Minnesota Statutes 2010, section 297A.71, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2010, section 297A.71, is amended by adding a
subdivision to read:

new text begin Subd. 43. new text end

new text begin Chemical cellulose production facility. new text end

new text begin Materials and supplies used or
consumed in, and capital equipment incorporated into, the construction, improvement, or
expansion of, a chemical cellulose production facility are exempt if:
new text end

new text begin (1) the purpose of the construction, improvement, or expansion of the facility is the
production of chemical cellulose;
new text end

new text begin (2) the total capital investment needed for the facility is at least $150,000,000; and
new text end

new text begin (3) for each year this subdivision is effective, the facility receives certification from
the Department of Employment and Economic Development that the facility employs no
fewer than 700 full-time equivalent workers in the state.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment
and applies to sales and purchases made before July 1, 2013.
new text end