Bill > HF888

This bill provides a specific sales and use tax exemption and refund for construction materials used in building a new three-story school building for the Round Lake-Brewster Independent School District (ISD No. 2907) in Minnesota. The tax exemption applies to materials, supplies, and equipment purchased between January 1, 2024, and August 31, 2026, for this specific school construction project. Although the materials will initially be subject to sales and use tax, the district will be eligible for a full tax refund, similar to other special project exemptions in Minnesota law. The bill includes a subdivision that appropriates the necessary funds from the general fund to the Minnesota Department of Revenue to process these tax refunds. The tax exemption is designed to help reduce the overall cost of constructing the new school building by effectively eliminating the sales and use tax burden on construction materials during a specific timeframe. The bill's effective date is retroactive, meaning it will apply to sales and purchases made within the specified date range.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0888&ssn=0&y=2025