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SF3318 (Legislative Session 94 (2025-2026))

City of Brooklyn Park clean water infrastructure construction materials refundable exemption provision and appropriation

Related bill: HF3084

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to provide financial relief for the construction of clean water infrastructure in the city of Brooklyn Park, Minnesota, by offering a tax exemption. This exemption is specifically aimed at supporting the development of the city's biotech innovation district.

Main Provisions

  • Sales Tax Exemption: The bill proposes a refundable sales and use tax exemption for materials and supplies used in constructing a water storage facility in Brooklyn Park. This exemption also applies to equipment that is incorporated into the construction.
  • Eligibility Period: The exemption applies to purchases made after November 30, 2025, and before January 1, 2029.
  • Refund Process: Although the tax must initially be collected as usual, per Minnesota Statutes section 297A.62, it will be refunded according to the provisions applicable to certain projects under Minnesota Statutes section 297A.75.

Significant Changes

  • The bill introduces a new sales tax exemption specific to Brooklyn Park, which aids in reducing the financial burden on the city as it constructs key infrastructure to support its biotech sector.

Relevant Terms

  • Sales Tax Exemption
  • Use Tax
  • Refundable Tax Credit
  • Water Storage Facility
  • Biotech Innovation District
  • Brooklyn Park
  • Minnesota Statutes 297A.62
  • Minnesota Statutes 297A.75

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 06, 2025SenateFloorActionIntroduction and first reading
April 06, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill addresses the imposition and collection of sales tax rates, referencing section 297A.62.",
      "modified": []
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This statute outlines refund procedures for sales tax, applicable to the city's construction materials exemption.",
      "modified": []
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

Sponsors