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SF156 (Legislative Session 94 (2025-2026))

Round Lake-Brewster Independent School District sales and use tax exemption for construction materials

Related bill: HF888

AI Generated Summary

Senate File No. 156 is a piece of legislation introduced in Minnesota that proposes a tax exemption for building materials used in the construction of a new three-story school building within the Round Lake-Brewster Independent School District (No. 2907). This exemption applies to materials, supplies, and equipment purchased from January 1, 2024, to August 31, 2026. The exemption will be applied as a refund, meaning that sales and use taxes will initially be collected and then returned to the purchasers under the same processes used for certain other projects. Funds necessary to cover these refunds will be provided from the state’s general fund to the commissioner of revenue. This measure aims to reduce the financial burden of the construction project on the school district by lowering the overall cost of materials through tax relief.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 15, 2025HouseFloorActionIntroduction and first reading
January 15, 2025SenateFloorActionIntroduction and first reading
January 15, 2025HouseFloorActionReferred toTaxes
January 15, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill references the sales tax rate applicable under section 297A.62, subdivisions 1 and 1a, for the purpose of calculating tax before refunding.",
      "modified": []
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill specifies that the refund process should follow the procedures outlined for projects in section 297A.75, subdivision 1, clause 17.",
      "modified": []
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

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