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HF3084 (Legislative Session 94 (2025-2026))

Brooklyn Park; refundable sales and use tax exemption provided for construction materials for clean water infrastructure.

Related bill: SF3318

AI Generated Summary

Purpose of the Bill

The bill aims to provide a financial incentive for the construction of clean water infrastructure in Brooklyn Park, Minnesota. This is done by offering a tax exemption for the materials and supplies used in the construction of a water storage facility that will support the city's biotech innovation district.

Main Provisions

  • Sales Tax Exemption: The bill proposes a sales and use tax exemption for materials and supplies used in the construction of a specific water storage facility in Brooklyn Park. This exemption applies only if these items are purchased between December 1, 2025, and December 31, 2028.
  • Refund Process: While the tax will initially be imposed and collected, it will be refunded following the same procedures as other specific projects. This involves a refund process similar to what is described in a different section of Minnesota's tax statutes.
  • Funding: The bill includes an appropriation from the general fund to cover the cost of these refunds. This means that the funds necessary to provide the refunds will be allocated by the state to ensure businesses receive their exemptions efficiently.

Significant Changes to Existing Law

The bill introduces a new, temporary tax incentive aimed specifically at enhancing infrastructure related to clean water in the city of Brooklyn Park. This initiative is designed to support the biotech innovation district by reducing the financial burden on construction projects related to water storage facilities.

Relevant Terms

  • Tax exemption
  • Refundable sales tax
  • Clean water infrastructure
  • Biotech innovation district
  • Construction materials
  • Water storage facility

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 02, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill proposes the tax rate application for sales and use tax exemption for construction materials in Brooklyn Park under section 297A.62.",
      "modified": []
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill refers to the refund procedure for tax exemptions on construction materials, consistent with projects under section 297A.75.",
      "modified": []
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

Sponsors