Bill > SF2049

This bill provides a specific sales and use tax exemption for Rochester Public Utilities' Advanced Metering Infrastructure (AMI) Project. Under this legislation, electric meters, software, and related components purchased between July 1, 2024, and March 31, 2029, will be exempt from sales tax. However, the tax will initially be collected at the standard rate and then fully refunded to the utility. The tax will be refunded through a process similar to other project-based exemptions outlined in Minnesota Statutes, with funds appropriated from the general fund to the commissioner of revenue. The bill is designed to support Rochester Public Utilities' infrastructure upgrade by reducing the financial burden of purchasing new advanced metering technology, which likely involves installing smart meters that can provide more detailed energy usage data and improve grid management efficiency. The retroactive effective date ensures the exemption will apply to purchases made within the specified timeframe.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2049&ssn=0&y=2025