HF 4662 Summary

• Exempts building materials, supplies, and equipment used to construct or replace real property destroyed or damaged by the March 22, 2020 fire on the 2400 block of Central Avenue NE in Minneapolis, with exemption applying to purchases made after March 21, 2020 and before March 26, 2023.

• Exempts building cleaning and disinfecting services for smoke damage in buildings impacted by the same fire, with exemption applying to purchases made after March 21, 2020 and before January 1, 2021.

• Includes durable restaurant equipment for food storage, preparation, and serving within the definition of exempt capital equipment.

• Tax on exempt items must be collected and then refunded according to existing refund procedures, with the subdivision expiring April 1, 2023.

• Appropriates an unspecified amount from the general fund in fiscal year 2020 to the commissioner of public safety for grants to remediate fire effects, available until June 30, 2022, covering disaster recovery, infrastructure, emergency personnel costs, equipment costs, and property tax abatement reimbursements.