MN HF3788

Adds a new subdivision 42 to Minnesota Statutes 2008, section 297A.71, establishing a sales and use tax exemption for aerospace defense manufacturing facilities.

Materials, equipment, and related services used in construction, renovation, upgrading, or expansion of qualifying facilities are exempt if total capital investment is at least $80,000,000.

Exemption applies to technical equipment including data processing, data storage equipment, hardware, and software necessary for manufacturing operations and related aerospace or defense services.

Exemption includes associated office and parking facilities that directly support the manufacturing facility and related aerospace or defense services.

Exemption is effective for sales and purchases made after June 30, 2010, and before January 1, 2018.