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SF1868 (Legislative Session 94 (2025-2026))

City of Lakeville certain projects construction materials refundable exemption provision and appropriation

Related bill: HF1227

AI Generated Summary

This bill, S.F. No. 1868, relates to taxation and provides a refundable sales and use tax exemption for construction materials used in the development of a new public safety training facility in the city of Lakeville, Minnesota.

Key Provisions:

  1. Exemption Eligibility:

    • The exemption applies to materials, supplies, and equipment that are incorporated into the construction, reconstruction, upgrade, expansion, renovation, or remodeling of the facility.
    • Eligible purchases must be made between February 28, 2025, and September 1, 2026.

  2. Refund Process:

    • The sales and use tax will be imposed and collected as usual but will later be refunded in the same manner as described in Minnesota Statutes section 297A.75, subdivision 1, clause (17).
    • Refunds cannot be issued before June 30, 2025.

  3. Funding for Refunds:

    • The bill appropriates funds from the general fund to the commissioner of revenue to cover the cost of these tax refunds.

Purpose:

This bill aims to reduce costs for the construction of a public safety training facility in Lakeville by granting a tax refund on construction materials and equipment.

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Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 26, 2025SenateFloorActionIntroduction and first reading
February 26, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Specifies conditions for imposing and collecting taxes under this section, followed by a refund process."
      ],
      "removed": [],
      "summary": "This bill references section 297A.62 in relation to the sales tax rate applicable to construction materials.",
      "modified": []
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [
        "Includes eligibility criteria for refunds modeled after a clause in this section."
      ],
      "removed": [],
      "summary": "This bill references section 297A.75 in relation to the refund process for sales taxes on construction materials.",
      "modified": []
    },
    "citation": "297A.75"
  }
]

Sponsors