HF938

This bill proposes a refundable sales and use tax exemption for specific construction materials. These materials must be for projects within the Redwood Independent School District, specifically targeting improvements at Redwood Valley Elementary. The exemption applies to materials, supplies, and equipment used for construction, reconstruction, upgrading, expansion, renovation, or remodeling of the school facilities. The eligible period for this tax exemption is defined between March 11, 2024, and September 9, 2026. The taxes will initially be collected as usual and then refunded. Funding for these refunds will be sourced from the state's general fund.