SF220

Fairmont sales and use tax exemption for construction materials authorization
Legislative Session 94 (2025-2026)

Related bill: HF1710

AI Generated Summary

The legislative bill SF No. 220 proposes to exempt certain construction materials from sales and use taxes in the city of Fairmont, Minnesota. This tax relief is specifically for projects involving the construction, reconstruction, upgrading, expansion, renovation, or remodeling of three types of projects:

  1. A UV-biosolids project, with tax-exempt purchases allowed between September 11, 2024, and January 11, 2027.
  2. A storage tank project, with tax-exempt purchases allowed between January 1, 2025, and June 2, 2026.
  3. A public works building project, with tax-exempt purchases allowed between May 31, 2021, and March 8, 2024.

The bill outlines that the taxes will initially be collected as usual but will be refunded later according to the guidelines established under a specific section of Minnesota Statutes. The money needed to cover these tax refunds will be provided from the state’s general fund to the commissioner of revenue. The first refunds are scheduled to be issued no earlier than June 30, 2025.

Bill text versions

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Past committee meetings

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Actions

DateChamberWhereTypeNameCommittee Name
January 16, 2025SenateActionIntroduction and first reading
January 16, 2025SenateActionReferred toTaxes
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Meeting documents

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Citations

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Progress through the legislative process

17%
In Committee

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