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SF1981 (Legislative Session 94 (2025-2026))

Construction materials used in certain projects in the city of Ramsey sales and use tax exemption modification

Related bill: HF2638

AI Generated Summary

This Minnesota Senate bill (S.F. No. 1981) proposes a modification to the existing sales and use tax exemption for construction materials used in certain projects in the city of Ramsey. Specifically, it amends Laws 2023, Chapter 64, Article 5, Section 25, Subdivision 1, to clarify that materials, supplies, and equipment used for the construction, reconstruction, upgrading, expansion, renovation, or remodeling of a new water treatment plant and trunk water main improvements in Ramsey are exempt from sales and use tax.

Key provisions include: - The exemption applies to purchases made between January 1, 2023, and June 30, 2027. - Taxes on these materials must be initially collected at standard rates and then refunded. - Refunds will be processed as outlined in Minnesota Statutes, Section 297A.75, Subdivision 1, Clause 17. - No refunds will be issued before June 30, 2023, and all eligible refund requests must be submitted before July 1, 2027.

The bill effectively extends and refines the tax exemption process for these specific infrastructure projects in Ramsey.

Bill text versions

Actions

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

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill requires taxes to be imposed and collected as if the rate under Minnesota Statutes section 297A.62 subdivisions 1 and 1a applied.",
      "modified": [
        "Clarification on tax rate application for certain construction projects."
      ]
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill outlines the refund process for eligible projects under section 297A.75 subdivision 1 clause 17.",
      "modified": [
        "Specification of refund timing for eligible purchases."
      ]
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

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