SF167 (Legislative Session 94 (2025-2026))
Watertown sales tax exemption for construction materials authorization
Related bill: HF456
AI Generated Summary
The proposed bill, SF No 167, is about providing tax relief for specific construction projects in Watertown, Minnesota. It offers a refundable tax exemption on materials, supplies, and equipment used in:
- Building a new water tower, with the condition that these items are purchased between May 1, 2024, and January 31, 2026.
- Constructing a wastewater treatment facility, with purchases made from March 1, 2022, to June 30, 2025.
The process works by initially charging the tax on these items as usual and then refunding it later, with refunds starting after June 30, 2025. The money needed for these refunds will come from Minnesota’s general fund.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 15, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 15, 2025 | Senate | Floor | Action | Referred to | Taxes |
| February 02, 2025 | Senate | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"None, references existing tax rate applications."
],
"removed": [
"None, pertains to existing law."
],
"summary": "This section refers to the application of sales tax rates for certain construction projects in Watertown.",
"modified": [
"Sales tax is to be refunded under specified conditions."
]
},
"citation": "297A.62"
},
{
"analysis": {
"added": [
"Provision for delaying refunds until a specified date."
],
"removed": [
"None, deals with existing refund procedures."
],
"summary": "This bill addresses the refund procedures as applied to specific Watertown construction projects.",
"modified": [
"Specifies refund eligibility period after June 30, 2025."
]
},
"citation": "297A.75"
}
]