HF522 (Legislative Session 94 (2025-2026))
Becker; refundable exemption provided for construction materials.
Related bill: SF67
AI Generated Summary
This bill proposes a special tax exemption for construction materials and supplies used in specific development projects in the city of Becker, Minnesota. These projects include the construction or improvement of a city hall and a police station. According to the bill, purchases of these materials after May 31, 2024, and before May 1, 2025, will be eligible for a refund of any sales and use taxes paid. This means that although tax will initially be collected on these items, it will later be refunded. The funds to pay for these tax refunds will come from Minnesota’s general fund. This exemption is designed to reduce the cost of these public construction projects.
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": [
"A new provision for exemption refund process specifically for Becker projects."
],
"removed": [],
"summary": "This bill references section 297A.71, subdivision 53, regarding tax exemptions not applicable to certain construction materials for the city of Becker.",
"modified": []
},
"citation": "297A.71"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill applies the tax rate under section 297A.62, subdivisions 1 and 1a, before refunding as per the specified exemption process.",
"modified": [
"Specifies tax collection procedure before refund in context of new exemption."
]
},
"citation": "297A.62"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "The refund process follows the procedure outlined for projects in section 297A.75, subdivision 1, clause 17.",
"modified": [
"Clarifies refund process for specified construction materials in Becker."
]
},
"citation": "297A.75"
}
]