MN HF5015

Creates a new sales tax exemption for materials, supplies, and equipment used in constructing new residential housing, effective for sales after June 30, 2024.

Tax must be collected at the standard rate under Minnesota Statutes section 297A.62, subdivision 1, and then refunded to the applicant through the existing refund process.

Adds residential housing construction materials to the list of items eligible for refund under Minnesota Statutes section 297A.75, as item (19).

Eligible applicants for the refund are the owner or developer of the residential building or project.

Applies to all sales and purchases of qualifying construction materials made after June 30, 2024.