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MN SF2301
Bill
Status
Introduced
3/8/2012
Primary Sponsor
Thomas Bakk
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AI Summary
- Adds a new exemption to Minnesota's sales and use tax for materials, supplies, and capital equipment used in constructing, improving, or expanding a chemical cellulose production facility
- Requires the facility's total capital investment to be at least $150,000,000
- Requires the facility to employ no fewer than 700 full-time equivalent workers in Minnesota each year to maintain eligibility for the exemption
- Exemption is effective the day following final enactment and applies to sales and purchases made before July 1, 2013
- Facility must receive annual certification from the Department of Employment and Economic Development to verify employment requirements are met
Legislative Description
Chemical cellulose production facility construction sales tax exemption
Last Action
Referred to Taxes
3/8/2012
Committee Referrals
Taxes3/8/2012
Full Bill Text
No bill text available