MN SF2727

Materials, supplies, and equipment used in private redevelopment projects on specified parcels in St. Cloud are exempt from state sales and use tax, provided the resulting development is subject to property taxes

Exemption covers designated "catalyst sites" in both Stearns and Benton counties, including Lady Slipper, North Riverfront, Empire, Swan Lot, Riverboat Lot, Former Herberger's, Transit Oriented Development, Ace Block, Star Bank, and Riverfront South sites

Tax is collected at point of sale and refunded to the property owner upon application to the Commissioner of Revenue; contractors must provide statements of exempt items and taxes paid to property owners

Exemption applies to purchases made between July 1, 2025 and December 31, 2040

Total refunds are capped at $13,000,000, appropriated from the general fund, with applications processed on a first-come, first-served basis