Bill > HF471

This bill provides a sales and use tax exemption and refund specifically for construction materials used in building a new Benton County government center located in the city of Foley, Minnesota. Under the bill, materials, supplies, and equipment purchased for this construction project between April 1, 2025, and December 31, 2029, will be exempt from sales and use taxes. However, the tax will initially be collected as normal, and then refunded to the county after the project's completion. Vendors will charge sales tax at the standard rate, but the county can then apply for a full refund of those taxes through a process similar to other tax exemption programs. The bill includes an appropriation from the general fund to cover these refunds, and refunds will not be issued until after June 30, 2025. The bill is designed to reduce the overall cost of constructing the new county government center by eliminating sales tax expenses for construction materials during the specified timeframe.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0471&ssn=0&y=2025