Bill > SF782

This bill provides a specific sales and use tax exemption for construction materials used in building a regional exhibition center located at Graham Park in Olmsted County, Minnesota. Under the bill, materials, supplies, and equipment purchased between January 1, 2025, and December 31, 2027, for constructing, reconstructing, upgrading, expanding, renovating, or remodeling the exhibition center will be exempt from sales and use taxes. Although the materials will initially be taxed at the standard rate, the taxes will then be fully refunded through a mechanism similar to other special project refunds outlined in Minnesota tax statutes. The bill includes an appropriation from the general fund to the Minnesota Commissioner of Revenue to cover the cost of these tax refunds, and the provision will be retroactively effective for sales and purchases made during the specified three-year period. This targeted tax exemption appears designed to support the development of a regional exhibition center by reducing the tax burden on construction-related purchases.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0782&ssn=0&y=2025