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MN SF3318
MN SF3318City of Brooklyn Park clean water infrastructure construction materials refundable exemption provision and appropriation
summary
Introduced
04/07/2025
04/07/2025
In Committee
04/07/2025
04/07/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to taxation; sales and use; providing a refundable exemption for construction materials for clean water infrastructure in the city of Brooklyn Park.
AI Summary
This bill provides a specific sales tax exemption and refund for construction materials used in a water storage facility project in Brooklyn Park, Minnesota. The exemption applies to materials, supplies, and equipment purchased between November 30, 2025, and January 1, 2029, for building a water storage facility that will support the city's biotech innovation district. While the sales tax will initially be collected at the standard rate, it will then be fully refunded to the project developers. The bill includes a specific appropriation from the general fund to the 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 emerging biotech district by reducing the financial burden of construction materials, thereby potentially encouraging economic development and investment in the area.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Taxes (on 04/07/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3318&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF3318&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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