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HF1710 (Legislative Session 94 (2025-2026))

Fairmont; refundable sales and use tax exemption provided for construction materials.

Related bill: SF220

AI Generated Summary

This bill proposes a refundable sales and use tax exemption for construction materials, supplies, and equipment used in specific infrastructure projects in the city of Fairmont, Minnesota. The exemptions apply to the construction, reconstruction, upgrade, expansion, renovation, or remodeling of:

  1. A UV biosolids project (eligible for materials purchased between September 11, 2024, and January 11, 2027).
  2. A storage tank project (eligible for materials purchased between January 1, 2025, and June 2, 2026).
  3. A public works building (eligible for materials purchased between May 31, 2021, and March 8, 2024).

Although taxes must still be collected at the applicable rate, they will be refunded in accordance with Minnesota's existing tax refund process for similar projects. Refunds for eligible purchases will not be issued until after June 30, 2025.

The bill also includes an appropriation from the general fund to cover the refund payments.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 26, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
February 26, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill pertains to the sales and use tax rate applicable in Minnesota under the section 297A.62.",
      "modified": [
        "The tax must be imposed at the standard rate and then refunded for specific projects in the city of Fairmont."
      ]
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill discusses the refund process for sales and use taxes for eligible projects as outlined in section 297A.75.",
      "modified": [
        "Specifies the refund process for construction materials used in specific projects in the city of Fairmont under the existing framework."
      ]
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

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