SF 3498

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/12/2024 05:22pm

A bill for an act
relating to taxation; sales and use; providing a refundable exemption for building
materials for the Central Maintenance Facility project in the city of Apple Valley;
appropriating money.

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

Section 1. CITY OF APPLE VALLEY; SALES TAX EXEMPTION FOR
CONSTRUCTION MATERIALS.

Subdivision 1.

Exemption; refund.

(a) Materials and supplies used or consumed in and
equipment incorporated into the construction, reconstruction, upgrade, expansion, renovation,
or remodeling of the Central Maintenance Facility in the city of Apple Valley are exempt
from sales and use tax under Minnesota Statutes, chapter 297A, provided that the materials,
supplies, and equipment are purchased after February 29, 2024, and before August 1, 2026.

(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).

Subd. 2.

Appropriation.

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

EFFECTIVE DATE.

This section is effective retroactively for sales and purchases
made after February 29, 2024, and before August 1, 2026.