MN SF4764

Creates a refundable sales tax exemption for materials, supplies, and equipment incorporated into the construction of new residential housing, effective for sales and purchases after June 30, 2024.

Tax on exempt construction materials must be collected at the standard rate under Minnesota Statutes section 297A.62, subdivision 1, and then refunded to the applicant.

Adds construction materials for residential housing as item (19) to the list of exempt items in Minnesota Statutes section 297A.75, subdivision 1, alongside existing exemptions for agricultural facilities, correctional facilities, and other projects.

Establishes that the owner or developer of the residential housing building or project is the eligible person who may apply for the refund on forms prescribed by the commissioner.