Minneslate Logo

SF156 (Legislative Session 94 (2025-2026))

Round Lake-Brewster Independent School District sales and use tax exemption for construction materials

Related bill: HF888

AI Generated Summary

Senate File No. 156 is a piece of legislation introduced in Minnesota that proposes a tax exemption for building materials used in the construction of a new three-story school building within the Round Lake-Brewster Independent School District (No. 2907). This exemption applies to materials, supplies, and equipment purchased from January 1, 2024, to August 31, 2026. The exemption will be applied as a refund, meaning that sales and use taxes will initially be collected and then returned to the purchasers under the same processes used for certain other projects. Funds necessary to cover these refunds will be provided from the state’s general fund to the commissioner of revenue. This measure aims to reduce the financial burden of the construction project on the school district by lowering the overall cost of materials through tax relief.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 15, 2025SenateFloorActionIntroduction and first reading
January 15, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Clarifies exemption handling for certain construction materials."
      ],
      "removed": [],
      "summary": "This bill references the rate application for sales and use tax under section 297A.62.",
      "modified": []
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [
        "Includes new refund process for exemptions within the specified timeframe."
      ],
      "removed": [],
      "summary": "This bill refers to the refund process for projects under section 297A.75.",
      "modified": []
    },
    "citation": "297A.75"
  }
]

Sponsors