SF 527

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to sales and use tax; clarifying an exemption 
  1.3             for a state convention center. 
  1.4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.5      Section 1.  [STATE CONVENTION CENTER.] 
  1.6      Building materials, supplies, or equipment used or consumed 
  1.7   in constructing or equipping improvements to a state convention 
  1.8   center located in a city outside the metropolitan area as 
  1.9   defined in section 473.121, subdivision 2, and governed by an 
  1.10  11-person board of which four are appointed by the governor are 
  1.11  exempt if the improvements are financed in whole or in part by 
  1.12  nonstate resources including, but not limited to, revenue or 
  1.13  general obligations issued by the state convention center board 
  1.14  of the city in which the center is located.  This exemption 
  1.15  applies regardless of whether the items are purchased by the 
  1.16  owner or by a contractor, subcontractor, or builder. 
  1.17     Sec. 2.  [LEGISLATIVE INTENT.] 
  1.18     Section 1 is intended to clarify the original intent of 
  1.19  Minnesota Statutes, section 297A.71, subdivision 2. 
  1.20     Sec. 3.  [EFFECTIVE DATE.] 
  1.21     Sections 1 and 2 are effective the day following final 
  1.22  enactment and apply retroactively to sales and purchases made 
  1.23  after June 30, 1995, and before July 1, 2001.