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HF888 (Legislative Session 94 (2025-2026))

Round Lake-Brewster Independent School District; refundable sales and use tax exemption provided for construction materials used in certain projects.

Related bill: SF156

AI Generated Summary

This bill proposes a tax exemption for specific construction materials, supplies, and equipment used in building a three-story school in the Round Lake-Brewster Independent School District (District No. 2907) in Minnesota. The exemption is applicable to purchases made from January 1, 2024, to August 31, 2026.

Key points of the bill include:

  1. Exemption Details:

    • Construction materials, supplies, and equipment must be used for the specific school construction in the mentioned district.
    • These items are exempt from the sales and use tax normally applied under Minnesota's tax laws.

  2. Refund Process:

    • Taxes will initially be collected as usual and later refunded in the manner outlined in a specific section of the Minnesota Statutes (section 297A.75, subdivision 1, clause 17).

  3. Funding:

    • Funds necessary to cover these tax refunds are appropriated from Minnesota’s general fund to the commissioner of revenue who will manage the refund process.

This bill aims to provide financial relief in the form of tax exemptions for a specific educational construction project within the Round Lake-Brewster School District, reducing the overall cost of the project by easing the tax burden on essential construction materials and equipment.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 16, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill refers to the existing sales tax rate imposed under section 297A.62.",
      "modified": [
        "Specifies the exemption process for construction materials."
      ]
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill references the refund process for sales taxes under section 297A.75.",
      "modified": [
        "Aligns with the existing refund process for specific projects, now extended to certain school construction materials."
      ]
    },
    "citation": "297A.75"
  }
]

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