as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to taxation; providing a sales tax exemption for construction materials
and equipment used to construct improvements in certain tax increment financing
districts in the city of Centerville; amending Minnesota Statutes 2006, section
297A.71, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2006, section 297A.71, is amended by adding a
subdivision to read:
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Building materials and supplies used or consumed in, and equipment
incorporated into, the construction or improvement of retail facilities and housing
developments and related public infrastructure improvements within redevelopment tax
increment financing districts as defined in section 469.174, subdivision 10, in the city of
Centerville are exempt.
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This section is effective for sales after June 30, 2007, and
before July 1, 2016.
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