Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF70 Latest Draft

Bill / Introduced Version Filed 01/14/2025

                            1.1	A bill for an act​
1.2 relating to taxation; sales and use; providing a refundable construction exemption​
1.3 for Becker Public School District.​
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. BECKER PUBLIC SCHOOL DISTRICT; SALES TAX EXEMPTION​
1.6FOR CONSTRUCTION MATERIALS.​
1.7 Subdivision 1.Exemption; refund.(a) Materials and supplies used in, and equipment​
1.8incorporated into, the construction and renovation projects for Becker Early Childhood,​
1.9Becker Primary School, Becker Intermediate School, Becker Middle School, Becker High​
1.10School, Becker Transportation Building, and the Becker Multi-Purpose Athletic Facility in​
1.11Independent School District No. 726, Becker Public School District, are exempt from sales​
1.12and use tax imposed under Minnesota Statutes, chapter 297A. The exemption under this​
1.13subdivision only applies if materials, supplies, and equipment are purchased after December​
1.1431, 2021, and before January 1, 2025.​
1.15 (b) The tax must be imposed and collected as if the rate under Minnesota Statutes, section​
1.16297A.62, subdivisions 1 and 1a, applied, and then refunded in the same manner provided​
1.17for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17). Refunds​
1.18for eligible purchases must not be issued until after June 30, 2025.​
1.19 Subd. 2.Appropriation.The amount required to pay the refunds under subdivision 1​
1.20is appropriated from the general fund to the commissioner of revenue.​
1.21 EFFECTIVE DATE.This section is effective retroactively from January 1, 2022, and​
1.22applies to sales and purchases made after December 31, 2021, and before January 1, 2025.​
1​Section 1.​
25-00971 as introduced​12/23/24 REVISOR EAP/AD​
SENATE​
STATE OF MINNESOTA​
S.F. No. 70​NINETY-FOURTH SESSION​
(SENATE AUTHORS: MATHEWS)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​01/16/2025​
Referred to Taxes​