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HF1710 (Legislative Session 94 (2025-2026))

Fairmont; refundable sales and use tax exemption provided for construction materials.

Related bill: SF220

AI Generated Summary

This Minnesota House bill proposes a refundable sales and use tax exemption for construction materials and equipment used in certain projects in the city of Fairmont. The exemption applies to three specific projects:

  1. UV biosolids project – Purchases made between September 11, 2024, and January 11, 2027.
  2. Storage tank project – Purchases made between January 1, 2025, and June 2, 2026.
  3. Public works building – Purchases made between May 31, 2021, and March 8, 2024.

The tax will be initially collected at regular rates but later refunded following procedures outlined in Minnesota Statutes. Refunds for eligible purchases will not be issued until after June 30, 2025. The bill also appropriates funds from the general fund to cover the refunds.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 26, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "A new provision for tax exemption on UV-biosolids projects, storage tank projects, and public works buildings."
      ],
      "removed": [],
      "summary": "This bill provides a sales and use tax exemption for construction materials for certain projects in the city of Fairmont, referencing chapter 297A.",
      "modified": [
        "Adjusts timelines for eligible materials and supplies purchases to qualify for tax exemption."
      ]
    },
    "citation": "297A"
  },
  {
    "analysis": {
      "added": [
        "New procedural steps for imposing and collecting taxes initially, then providing refunds based on existing statute."
      ],
      "removed": [],
      "summary": "This bill refers to the application of tax rates under section 297A.62 for collecting tax on exempt project materials and issuing refunds.",
      "modified": []
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [
        "Emphasizes a specific refund clause for project materials under section 297A.75."
      ],
      "removed": [],
      "summary": "This bill references the refund process as provided under section 297A.75.",
      "modified": []
    },
    "citation": "297A.75"
  }
]

Sponsors