Bill > SF1475

This bill provides a sales tax exemption and refund specifically for construction materials used in two park improvement projects in Edina, Minnesota. The exemption covers materials, supplies, and equipment used in developing Fred Richards Park and making improvements to Braemar Park, as outlined in their respective master plans. These tax exemptions are valid for purchases made between January 1, 2024, and December 31, 2029. While the sales tax will initially be collected at the standard state rate, project-related purchases will be fully refunded after June 30, 2025. The tax refund will be processed similarly to other special project exemptions in Minnesota, with the funds appropriated from the state's general fund to the commissioner of revenue. This targeted tax exemption is designed to support specific local park improvement initiatives in the city of Edina by reducing the financial burden of construction materials for these projects.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1475&ssn=0&y=2025