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SF1868 (Legislative Session 94 (2025-2026))

City of Lakeville certain projects construction materials refundable exemption provision and appropriation

Related bill: HF1227

AI Generated Summary

This bill (S.F. No. 1868) proposes a refundable sales and use tax exemption for construction materials, supplies, and equipment used in the construction, reconstruction, upgrade, expansion, renovation, or remodeling of a public safety training facility in the city of Lakeville, Minnesota.

Key provisions of the bill:
- The exemption applies to materials, supplies, and equipment purchased between March 1, 2025, and August 31, 2026.
- Initially, the applicable sales tax must be paid at the time of purchase, but it will later be refunded in accordance with existing state statute procedures.
- Refunds for eligible purchases will not be issued until after June 30, 2025.
- The required funding for these refunds will be appropriated from the general fund and allocated to the commissioner of revenue to process the refunds.

This bill aims to provide financial relief for the construction of the public safety training facility by reimbursing the sales tax paid on necessary materials and equipment.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 26, 2025HouseFloorActionIntroduction and first reading
February 26, 2025SenateFloorActionIntroduction and first reading
February 26, 2025HouseFloorActionReferred toTaxes
February 26, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Incorporates references to tax rates for a specific construction material exemption."
      ],
      "removed": [],
      "summary": "This bill references the general imposition of sales tax under section 297A.62 and its subdivisions.",
      "modified": []
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [
        "Includes provisions for refunding taxes on specific construction materials."
      ],
      "removed": [],
      "summary": "This bill references the refund procedure for sales tax under section 297A.75.",
      "modified": []
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1"
  }
]

Sponsors