Bill > HF456

This bill provides a sales and use tax exemption for specific construction materials used in two infrastructure projects in the city of Watertown, Minnesota. Specifically, the bill allows for a refundable tax exemption for materials, supplies, and equipment used in constructing a new water tower (for purchases made between April 30, 2024, and February 1, 2026) and a wastewater treatment facility (for purchases made between February 28, 2022, and July 1, 2025). The tax will initially be collected at the standard rate but will then be fully refunded to the project developers. The bill specifies that refunds will not be issued until after June 30, 2025, and includes an appropriation from the general fund to the commissioner of revenue to cover these refunds. The legislation is designed to support infrastructure development in Watertown by reducing the financial burden of construction materials through a tax exemption mechanism, and it is retroactively effective for sales and purchases made within the specified date ranges.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0456&ssn=0&y=2025