SF1475

SF1475 (Legislative Session 94 (2025-2026))

Edina refundable exemption provision for construction materials for certain projects

Related bill: HF237

AI Generated Summary

Senate File No. 1475 is a legislative bill that proposes a tax exemption for certain construction materials purchased for specific projects in Edina, Minnesota. This exemption applies to materials, supplies, and equipment used in the construction, reconstruction, upgrading, expansion, renovation, or remodeling of Fred Richards Park and Braemar Park, as outlined in their respective master plans. The tax exemption is available for eligible purchases made between December 31, 2023, and January 1, 2030. Although the tax is initially collected, it will be refunded later. The refunds will start being issued after June 30, 2025. Funds needed to cover these refunds will come from Minnesota’s general fund.

Bill text versions

Introduction PDF file

Actions

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

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Specifies that the sales tax rate applies to certain construction materials as part of the Edina project exemptions.",
      "modified": []
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section deals with the refund process for taxes collected, indicating that refunds for eligible purchases under the Edina project will follow the existing process for other projects.",
      "modified": []
    },
    "citation": "297A.75"
  }
]