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MN SF4868
Bill
Status
Introduced
3/13/2024
Primary Sponsor
Grant Hauschild
Click for details
AI Summary
- Exempts materials, supplies, and equipment used in construction, reconstruction, upgrade, expansion, renovation, or remodeling of qualifying housing developments in St. Louis County from sales and use tax
- Applies to apartment developments with at least 100 units, condominium developments with at least 60 units, or townhome developments with at least 40 units
- Tax exemption applies only to purchases made after June 30, 2024, and before July 1, 2026
- Tax is collected at the standard rate and then refunded through the same process used for other designated projects under Minnesota Statutes section 297A.75
- Appropriates necessary funds from the general fund to the commissioner of revenue to pay refunds
Legislative Description
St. Louis County housing development projects sales and use tax exemption for certain construction materials
Last Action
Author added Rest
3/20/2024
Committee Referrals
Taxes3/13/2024
Full Bill Text
No bill text available