HF938

HF938 (Legislative Session 94 (2025-2026))

Redwood Independent School District; refundable sales and use tax exemption provided for construction materials for certain projects.

Related bill: SF945

AI Generated Summary

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.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 16, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes

Citations

[
  {
    "analysis": {
      "added": [
        "A provision for refundable tax exemption on construction materials for specified school projects."
      ],
      "removed": [],
      "summary": "This bill references sales and use tax rate provisions under section 297A.62.",
      "modified": []
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [
        "Specifies refund procedures for tax paid on construction materials."
      ],
      "removed": [],
      "summary": "The bill includes refund procedures as outlined in section 297A.75.",
      "modified": []
    },
    "citation": "297A.75"
  }
]