MN HF4348

Exempts building materials, supplies, and capital equipment used to construct or replace real property damaged by a fire in Mazeppa on March 11, 2018, from sales tax for purchases made between March 11, 2018, and January 1, 2021.

Defines capital equipment for this exemption to include durable equipment used in restaurants for food storage, preparation, and serving.

Tax must be collected at the standard rate and then refunded to eligible purchasers under the procedure in Minnesota Statutes section 297A.75.

Allows the city of Mazeppa to establish one or more tax increment financing districts for fire-damaged areas with authority expiring July 1, 2020, and permits use of reduced market values in certifying the original net tax capacity.

Appropriates funds in fiscal year 2019 for grants to the city of Mazeppa and Wabasha County to be distributed by July 20, 2018, for property tax abatements and costs related to the March 11, 2018 fire.