Bill > HF3084

This bill provides a targeted sales and use tax exemption for construction materials used in a specific water storage facility project in Brooklyn Park, Minnesota. Specifically, the bill allows for a full exemption from sales and use taxes for materials, supplies, and equipment used in constructing a water storage facility that will support the city's biotech innovation district. The tax exemption applies only to purchases made between November 30, 2025, and January 1, 2029. Although the materials will initially be subject to sales tax, the tax will be fully refunded to the project, effectively creating a zero tax burden. The bill includes an appropriation from the general fund to the Minnesota Commissioner of Revenue to cover the cost of these tax refunds. This targeted tax exemption is designed to support infrastructure development in Brooklyn Park's biotech innovation district by reducing the financial burden of construction materials for this specific water storage facility project.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3084&ssn=0&y=2025