HF 888

as introduced - 94th Legislature (2025 - 2026) Posted on 02/17/2025 02:49pm

A bill for an act
relating to taxation; sales and use; providing a refundable exemption for
construction materials used in certain projects in the Round Lake-Brewster
Independent School District.

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

Section 1. new text begin ROUND LAKE-BREWSTER INDEPENDENT SCHOOL DISTRICT;
SALES AND USE TAX EXEMPTION FOR CONSTRUCTION MATERIALS.
new text end

new text begin Subdivision 1. new text end

new text begin Exemption; refund. new text end

new text begin (a) Materials and supplies used or consumed in and
equipment incorporated into the construction of a three-story school building in Independent
School District No. 2907, Round Lake-Brewster, are exempt from sales and use tax imposed
under Minnesota Statutes, chapter 297A, if the materials, supplies, and equipment are
purchased after December 31, 2023, and before September 1, 2026.
new text end

new text begin (b) The tax must be imposed and collected as if the rate under Minnesota Statutes, section
297A.62, subdivisions 1 and 1a, applied and then refunded in the same manner provided
for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17).
new text end

new text begin Subd. 2. new text end

new text begin Appropriation. new text end

new text begin The amount required to pay the refunds under subdivision 1
is appropriated from the general fund to the commissioner of revenue.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively for sales and purchases
made after December 31, 2023, and before September 1, 2026.
new text end