Bill > SF2378

This bill establishes a specific sales and use tax exemption for construction materials used in ice rink projects within the city of Albert Lea, Minnesota. The exemption covers materials, supplies, and equipment used in the construction, reconstruction, upgrade, expansion, renovation, or remodeling of ice rinks, but only for purchases made between April 9, 2024, and January 1, 2027. While the sales tax will initially be collected, it will then be fully refunded to the project developers. The tax will be imposed and collected at the standard state sales tax rate, and refunds will not be issued until after June 30, 2024. The bill includes an appropriation from the general fund to the Minnesota Department of Revenue to cover the cost of these tax refunds. This targeted tax exemption is designed to support ice rink improvement projects in Albert Lea by reducing the overall project costs through a sales tax rebate mechanism.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2378&ssn=0&y=2025