The legislative bill H.F. No. 122324 pertains to taxation concerning the Becker Public School District in Minnesota. It proposes a sales tax exemption for construction materials, supplies, and equipment used in construction and renovation projects at several Becker educational facilities. These facilities include the Becker Early Childhood, Becker Primary School, Intermediate School, Middle School, High School, Transportation Building, and Multi-Purpose Athletic Facility.

To qualify for the exemption, the purchases must be made between January 1, 2022, and December 31, 2024. The sales tax will initially be collected on these purchases but will be refunded later. Refunds will not be made until after June 30, 2025. Funding for these refunds will come from Minnesota’s general fund and requires an appropriation to the Commissioner of Revenue to manage the refunds.

In simple terms, this bill aims to reduce the financial burden on the Becker Public School District by refunding the sales taxes on construction-related materials and supplies in specific school development projects.