Bill > HF2054

This bill provides a specific sales and use tax exemption for construction materials used in the Moorhead City Hall renovation project. Under this legislation, materials, supplies, and equipment purchased for the city hall's construction, reconstruction, upgrade, expansion, renovation, or remodeling will be exempt from sales and use tax if they are purchased between February 28, 2025, and June 1, 2027. While the tax will initially be collected as if the standard rate applied, it will then be fully refunded to the project in a manner similar to other special tax exemption projects. The tax will be imposed and collected normally, but refunds will not be issued until after June 30, 2025. The bill also includes an appropriation from the general fund to the commissioner of revenue to cover the cost of these tax refunds. The effective date of the bill is retroactive, covering sales and purchases made within the specified timeframe, which provides financial relief for the Moorhead City Hall renovation project by reducing its overall construction costs.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2054&ssn=0&y=2025