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SF1306 (Legislative Session 94 (2025-2026))

Benton County government center refundable exemption provision for certain construction materials

Related bill: HF471

AI Generated Summary

Senate File No. 1306 is a legislative bill proposed in Minnesota that aims to provide tax exemptions for certain building materials. These materials are to be used specifically for the construction of a county government center in Foley, Benton County. The bill states that any eligible materials, supplies, and equipment purchased between April 1, 2025, and December 31, 2029, will be exempt from the usual sales and use taxes.

Under this bill, taxes will initially be collected on these purchases as usual but will be refunded later. This refund process is similar to that used for other specific projects described under a different section of Minnesota's tax law. The refunds for these purchases will start being issued only after June 30, 2025. Additionally, the money required to cover these tax refunds will come from Minnesota’s general fund and be managed by the commissioner of revenue.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 12, 2025SenateFloorActionIntroduction and first reading
February 12, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References the imposition and collection of sales and use taxes under the existing section 297A.62.",
      "modified": []
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "The bill details the refund process using the refund provisions outlined in section 297A.75.",
      "modified": []
    },
    "citation": "297A.75"
  }
]

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