as introduced - 93rd Legislature (2023 - 2024) Posted on 03/13/2024 12:18pm
Engrossments | ||
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Introduction | Posted on 03/12/2024 |
A bill for an act
relating to taxation; sales and use; providing a refundable exemption for certain
construction materials purchased for Browerville Public Schools.
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 following projects in Independent School District No. 787, Browerville
Public Schools, are exempt from sales and use tax imposed under Minnesota Statutes,
chapter 297A, if the materials, supplies, and equipment are purchased after January 1, 2024,
and before December 31, 2025:
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(1) renovations to the prekindergarten through grade 12 school building; and
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(2) construction of a new gymnasium, classrooms, locker rooms, a wrestling and weight
room, offices, and a stage.
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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 January 1, 2024, and before December 31, 2025.
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