MN SF4010

Creates a sales tax exemption for construction materials and equipment purchased by contractors for nine specific projects at Minneapolis-St. Paul International Airport if purchased between July 1, 2022 and December 31, 2024.

Qualifying airport projects include security improvements to rental car facility, air handling unit replacement, C concourse loading dock improvements, LED lighting upgrades, restroom upgrades, mechanical room renovations, new trades storage facility, new liquid deicer storage facility, and Terminal 1 passenger terminal improvements.

Imposes sales tax on exempt items at the standard rate, then refunds the tax to applicants following procedures in Minnesota Statutes 297A.75.

Designates airport commissions as eligible applicants for the refund and requires contractors or subcontractors to provide cost and tax information to the refund applicant.

Effective date for tax exemptions is July 1, 2022, and effective date for refund procedures is July 1, 2022.