Bill > SF2993

This bill provides a sales and use tax exemption and refund for construction materials used in the Upper Harbor Terminal Amphitheater project in Minneapolis. Specifically, the bill allows for a full exemption from sales and use taxes for materials, supplies, fixtures, furniture, and equipment used in constructing, renovating, or improving the amphitheater's public infrastructure. To qualify for the exemption, purchases must be made by a contractor, subcontractor, or the amphitheater's operator between July 1, 2025, and December 31, 2028. Although the materials will initially be subject to sales tax, the tax will be fully refunded in a manner similar to other special project exemptions in Minnesota. The bill also includes an appropriation from the general fund to the commissioner of revenue to cover the cost of these tax refunds. The tax exemption and refund provision is designed to support the development of this specific public infrastructure project in Minneapolis by reducing the overall construction costs.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2993&ssn=0&y=2025