Bill > SF61

This bill provides a sales and use tax exemption and refund for specific construction materials used in several City Center revitalization projects in Plymouth, Minnesota. The exemption applies to materials, supplies, and equipment used in constructing or renovating six specific projects: a public parking ramp, Plymouth Boulevard renovation, Plymouth Ice Center expansion, regional stormwater ponding, roadway realignment, and Plymouth Community Center expansion. Additionally, the bill covers materials used in renovating the Zachary Water Treatment Plant and Meadows Playfield. The tax exemption is valid for purchases made between January 1, 2024, and June 30, 2028. The taxes will initially be collected as if the standard rate applies, but then refunded to the city. Importantly, these refunds will not be issued until after June 30, 2025. The bill also includes an appropriation from the general fund to the commissioner of revenue to cover these refunds. This legislation aims to support infrastructure and community development in Plymouth by reducing the financial burden of sales and use taxes on specific municipal improvement projects.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0061&ssn=0&y=2025