HF521 (Legislative Session 94 (2025-2026))
Big Lake Public School District refundable construction exemption provided.
Related bill: SF69
AI Generated Summary
The bill in question introduces a tax exemption for construction materials and supplies used in the renovation and construction projects of schools within the Big Lake Public School District in Minnesota. This exemption applies to materials, supplies, and equipment purchased between January 1, 2022, and December 31, 2024, for specific schools in the district. Although taxes on these items will initially be collected, they will be refunded starting from June 30, 2025. The costs associated with these refunds are covered by a designated appropriation from the state's general fund to the revenue commissioner. This aims to financially support the school district's infrastructure projects by lessening the tax burden.
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": [
"The bill provides for refunds to be processed similarly to other projects as outlined in section 297A.75."
],
"removed": [],
"summary": "The bill references section 297A.62 for details on tax rates applied before refund for construction materials tax exemption.",
"modified": []
},
"citation": "297A.62"
},
{
"analysis": {
"added": [
"A new project is added to the list of those qualifying for refunds under similar conditions provided in section 297A.75."
],
"removed": [],
"summary": "The bill utilizes section 297A.75 to guide the refund process for eligible construction materials.",
"modified": []
},
"citation": "297A.75"
}
]