Bill > HF2724

This bill provides a sales and use tax exemption for construction materials used in the Upper Harbor Terminal Amphitheater project in Minneapolis, Minnesota. Specifically, the bill allows for a refundable tax exemption on materials, supplies, fixtures, furniture, and equipment used in construction, renovation, demolition, upgrade, repair, maintenance, or improvement of the amphitheater's public infrastructure. To qualify for the exemption, purchases must be made by a contractor, subcontractor, or the amphitheater operator between July 1, 2025, and December 31, 2028. The tax will initially be collected at the standard rate and then refunded in a manner similar to other tax exemption projects outlined in Minnesota statute. The bill also includes an appropriation from the general fund to the commissioner of revenue to cover the cost of these tax refunds. This targeted tax exemption is intended to support the development of the Upper Harbor Terminal Amphitheater by reducing the financial burden of construction-related expenses.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2724&ssn=0&y=2025