HF442 (Legislative Session 94 (2025-2026))
St. Louis County; refundable sales and use tax exemption provided for construction materials used in certain housing development projects.
Related bill: SF542
AI Generated Summary
This bill offers a tax exemption on materials and supplies used in certain large housing developments in St. Louis County, Minnesota. Specifically, any materials purchased and used in constructing or renovating apartment complexes with at least 20 units, condominiums with at least 40 units, or townhomes with at least 40 units, between July 1, 2025, and July 1, 2027, are exempt from sales and use taxes. The taxes collected initially will be refunded to the developers. Funds needed for these tax refunds will come from the state's general fund. This bill is currently under review by the Committee on Taxes.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 12, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
| March 16, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"summary": "This section refers to the imposition of sales tax in Minnesota.",
"modified": [
"Specifies the sales tax rate applied to certain construction materials."
]
},
"citation": "297A.62"
},
{
"analysis": {
"added": [
"Includes new qualifying projects for sales tax refunds specific to housing developments with a unit threshold."
],
"summary": "This section deals with sales tax refunds for certain qualifying projects.",
"modified": [
"Provides the procedure for refunding sales tax on materials used in specified housing projects in St. Louis County."
]
},
"citation": "297A.75"
}
]