HF456 (Legislative Session 94 (2025-2026))
Watertown; refundable sales and use tax exemption provided for construction materials for certain projects.
Related bill: SF167
AI Generated Summary
The legislative bill proposes a sales and use tax exemption for specific construction materials used in two major projects in the city of Watertown, Minnesota. These projects include the construction of a new water tower and a wastewater treatment facility. The exemption applies only if the materials, supplies, and equipment are purchased within specified time frames for each project. The tax will initially be collected as usual but will be refunded afterward. The financial resources needed to cover these refunds will be provided from the state's general fund to the commissioner of revenue. This measure is designed to reduce the financial burden of these critical infrastructure projects on the city of Watertown.
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 |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill discusses applying the sales tax rate under section 297A.62 for construction materials in Watertown projects, with a subsequent refund.",
"modified": [
"Clarifies the imposition and refund process for sales tax under 297A.62."
]
},
"citation": "297A.62"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "The bill refers to the refund procedure in section 297A.75 for eligible construction materials purchases in Watertown.",
"modified": [
"Adopts the refund method for sales tax already outlined in 297A.75 for specific local projects."
]
},
"citation": "297A.75"
}
]