as introduced - 93rd Legislature (2023 - 2024) Posted on 03/13/2024 12:18pm
A bill for an act
relating to taxation; sales and use; providing a refundable construction exemption
for Big Lake Public School District.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) Materials and supplies used or consumed in and
equipment incorporated into the construction and renovation projects for Big Lake Liberty
Elementary School, Big Lake Independence Elementary School, Big Lake Middle School,
and Big Lake High School in Independent School District No. 727, Big Lake, are exempt
from sales and use tax imposed under Minnesota Statutes, chapter 297A, if the materials,
supplies, and equipment are purchased after December 31, 2021, and before January 1,
2025.
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(b) The tax must be imposed and collected as if the rate under Minnesota Statutes, section
297A.62, subdivision 1, applied and then refunded in the same manner provided for projects
under Minnesota Statutes, section 297A.75, subdivision 1, clause (17).
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The amount required to pay the refunds under subdivision 1
is appropriated from the general fund to the commissioner of revenue.
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This section is effective retroactively for sales and purchases
made after December 31, 2021, and before January 1, 2025.
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