Bill > SF220

This bill provides a sales and use tax exemption for specific construction projects in the city of Fairmont, Minnesota. The bill outlines three distinct projects that will receive tax exemptions: a UV/biosolids project (eligible for materials purchased between September 11, 2024, and January 11, 2027), a storage tank project (eligible for materials purchased between January 1, 2025, and June 2, 2026), and a public works building project (eligible for materials purchased between May 31, 2021, and March 8, 2024). For each project, the exemption covers materials, supplies, and equipment used in construction, reconstruction, upgrade, expansion, renovation, or remodeling. The tax will be initially collected as if the standard tax rate applied, but then fully refunded after June 30, 2025. The bill includes an appropriation from the general fund to the commissioner of revenue to cover these refunds, and the exemptions are designed to be applied retroactively for the specified time periods of each project. This targeted tax relief aims to support specific infrastructure improvements in the city of Fairmont.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0220&ssn=0&y=2025