HF237 (Legislative Session 94 (2025-2026))

Edina; construction material refundable exemption provided.

Related bill: SF1475

AI Generated Summary

The bill proposes a sales tax exemption on construction materials, supplies, and equipment used in specific park projects in Edina, Minnesota. This exemption applies to purchases made between January 1, 2024, and December 31, 2029, specifically for work on Fred Richards Park and Braemar Park as outlined in their respective master plans. The taxes will initially be collected as usual but will then be refunded. These refunds will start to be issued after June 30, 2025. Funds needed to cover these refunds will be provided from the state's general fund.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 09, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "A new refundable exemption for construction materials."
      ],
      "removed": [],
      "summary": "The bill modifies sales tax exemptions for construction projects in Edina under section 297A.62.",
      "modified": [
        "Tax refunds will now be issued after June 30, 2025."
      ]
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [
        "Refund method fully aligned with section 297A.75."
      ],
      "removed": [],
      "summary": "The bill includes a process for tax refunds as per section 297A.75.",
      "modified": []
    },
    "citation": "297A.75"
  }
]