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SF1981 (Legislative Session 94 (2025-2026))

Construction materials used in certain projects in the city of Ramsey sales and use tax exemption modification

Related bill: HF2638

AI Generated Summary

This bill, S.F. No. 1981, proposes modifications to the sales and use tax exemption for materials, supplies, and equipment used in certain construction projects in the city of Ramsey, Minnesota. Specifically, it amends Laws 2023, Chapter 64, Article 5, Section 25, Subdivision 1, to clarify that materials, supplies, and equipment used in the construction, reconstruction, upgrade, expansion, renovation, or remodeling of a new water treatment plant and trunk water main improvements in Ramsey are exempt from sales and use tax.

The exemption applies to purchases made between January 1, 2023, and June 30, 2027. While the tax must initially be imposed and collected at the regular rate, it will later be refunded in accordance with Minnesota Statutes Section 297A.75, Subdivision 1, Clause 17. Refunds for eligible purchases will only be issued after June 30, 2023, and before July 1, 2027.

Bill text versions

Actions

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

Citations

 
[
  {
    "analysis": {
      "added": [
        "Clarification on exemption applicability for projects in Ramsey."
      ],
      "removed": [],
      "summary": "The bill references the imposition and collection of tax for certain construction materials under section 297A.62.",
      "modified": []
    },
    "citation": "297A.62"
  },
  {
    "analysis": {
      "added": [
        "A specific refund process that aligns with construction timelines."
      ],
      "removed": [],
      "summary": "The bill references refund processes similar to those in section 297A.75 for eligible purchases.",
      "modified": []
    },
    "citation": "297A.75"
  }
]

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