SF1475

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.