Bill > SF1184

This bill provides a sales and use tax exemption for construction materials used in renovation projects at the Minneapolis-St. Paul International Airport. Specifically, materials, supplies, and equipment purchased by contractors or subcontractors for public infrastructure improvements at the airport will be exempt from Minnesota state sales tax if purchased between July 1, 2023, and January 1, 2028. Although the tax will initially be collected at the standard rate, contractors can receive a full refund of the sales tax paid. The bill stipulates that no refunds will be processed before July 1, 2025, and the tax refund process will follow the same procedures used for similar infrastructure projects in the state. The bill includes an appropriation from the general fund to the Minnesota Department of Revenue to cover the cost of these tax refunds, and it is retroactively effective for sales and purchases made within the specified date range. This tax exemption is intended to support and potentially reduce the cost of airport infrastructure improvements.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1184&ssn=0&y=2025