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Bill > HF2575
MN HF2575
MN HF2575Minneapolis-St. Paul International Airport; sales and use tax provisions modified, refundable sales tax exemption provided for construction materials for airport renovation, and money appropriated.
summary
Introduced
03/06/2023
03/06/2023
In Committee
03/06/2023
03/06/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to taxes; sales and use; providing a refundable sales tax exemption for construction materials for the Minneapolis-St. Paul International Airport renovation; appropriating money.
AI Summary
This bill provides a refundable sales tax exemption for construction materials used in the renovation of the Minneapolis-St. Paul International Airport. The exemption applies to materials, supplies, and equipment purchased by contractors or subcontractors after June 30, 2023, and before January 1, 2028. The tax must be paid upfront and then refunded in the same manner as other construction projects. The amount required to pay the refunds is appropriated from the general fund to the commissioner of revenue. The provisions of this bill are effective from July 1, 2023, to December 31, 2027.
Committee Categories
Budget and Finance
Sponsors (8)
Cheryl Youakim (D)*,
Greg Davids (R),
Steve Elkins (D),
Michael Howard (D),
Jon Koznick (R),
Leon Lillie (D),
Kristin Robbins (R),
Jeff Witte (R),
Last Action
Introduction and first reading, referred to Taxes (on 03/06/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2575&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2575&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
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