HF1529 (Legislative Session 94 (2025-2026))
Woodbury; refundable sales and use tax exemption provided for construction materials for certain projects.
Related bill: SF13
AI Generated Summary
This Minnesota House bill proposes a refundable sales and use tax exemption for construction materials used in specific infrastructure projects in the city of Woodbury. It exempts materials, supplies, and equipment used in the construction, renovation, or expansion of a water treatment facility, water tower, and related infrastructure from sales and use tax.
Key provisions include: - The exemption applies to purchases made between January 31, 2024, and December 1, 2028. - Taxes are initially collected at the standard rate and then refunded. - Refunds cannot be issued before June 30, 2025. - Necessary funds for refunds are appropriated from the general fund to the commissioner of revenue.
The bill aims to financially support Woodbury's water infrastructure projects by reducing tax costs on construction materials.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 25, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"No new subsections were added."
],
"removed": [
"No subsections were removed."
],
"summary": "This bill references Minnesota Statutes section 297A.62 regarding sales tax rates.",
"modified": [
"Applies tax rate for calculation before refund."
]
},
"citation": "297A.62"
},
{
"analysis": {
"added": [
"References refund process as per existing guidance."
],
"removed": [
"No existing procedures were removed."
],
"summary": "This bill modifies refund procedures under Minnesota Statutes section 297A.75.",
"modified": [
"Specifies eligibility for refund after June 30, 2025."
]
},
"citation": "297A.75"
}
]