MN SF3561

Exempts materials, supplies, and equipment used in constructing retail developments (grocery stores, fueling centers, or other retail space) by nonprofit 501(c)(3) economic development corporations from sales and use tax.

Exemption applies only to developments located in cities with no grocery store and at least 20 miles from another city with a grocery store.

Exemption covers purchases made after January 1, 2013, and before January 1, 2017, with the bill applying retroactively to qualifying purchases.

Requires tax to be imposed and collected initially, with nonprofit corporations applying for refunds following the same process as other similar exemptions under Minnesota Statutes section 297A.75.

Adds retail development exemption to the list of items in section 297A.75 requiring tax collection with refund options available to qualifying business owners.