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MN HF5437
Bill
Status
4/30/2024
Primary Sponsor
Peggy Bennett
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AI Summary
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Materials and supplies used in construction, reconstruction, upgrade, expansion, renovation, or remodeling of the City Arena in Albert Lea are exempt from sales and use tax for purchases made after March 31, 2024, and before January 1, 2027
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Tax must be initially imposed and collected, then refunded following the same process as projects under Minnesota Statutes section 297A.75, subdivision 1, clause (17)
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Refunds for eligible purchases cannot be issued until after June 30, 2024
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Required refund amounts are appropriated from the general fund to the commissioner of revenue
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Provision is effective retroactively for sales and purchases made after March 31, 2024, and before January 1, 2027
Legislative Description
Albert Lea; refundable sales and use tax exemption provided for construction materials for certain projects.
Last Action
Introduction and first reading, referred to Taxes
4/30/2024