HF522

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.