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MN SF542
Bill
Status
Introduced
1/23/2025
Primary Sponsor
Grant Hauschild
Click for details
AI Summary
- Creates a sales and use tax exemption for construction materials, supplies, and equipment used in qualifying housing developments in St. Louis County
- Qualifying projects include apartment developments with at least 20 units, condominium developments with at least 40 units, or townhome developments with at least 40 units
- Exemption applies to purchases made between July 1, 2025, and July 1, 2027
- Tax is collected at point of sale and then refunded to purchasers through the existing refund process under Minnesota Statutes section 297A.75
- Appropriates funds from the general fund to the commissioner of revenue to pay the refunds
Legislative Description
St. Louis County certain housing development projects construction materials refundable exemption and appropriation
Last Action
Referred to Taxes
1/23/2025
Committee Referrals
Taxes1/23/2025
Full Bill Text
No bill text available