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SF3317 (Legislative Session 94 (2025-2026))

City of Brooklyn Park clean water infrastructure construction materials refundable exemption provision and appropriation

Related bill: HF3083

AI Generated Summary

Purpose of the Bill

The bill is designed to facilitate the development of clean water infrastructure for the biotech innovation district in Brooklyn Park, Minnesota. It does this by offering a financial incentive related to the construction of necessary water mains.

Main Provisions

  • Sales Tax Exemption: The bill establishes a refundable sales tax exemption specifically for construction materials, supplies, and equipment used in building two water mains in Brooklyn Park. These structures are crucial for supporting the biotech innovation district in that city.

  • Duration and Limitations: The exemption applies to purchases made between December 1, 2025, and December 31, 2028.

  • Tax Refund Process: Although the tax will initially be collected as usual, the payment will be refunded afterward following existing procedures outlined in Minnesota tax law.

Significant Changes

  • The introduction of this bill signifies a policy change, allowing a specific tax exemption and subsequent refund for construction materials involved in public infrastructure projects, notably those supporting innovation and biotechnology.

Relevant Terms

  • Sales tax exemption
  • Refundable exemption
  • Construction materials
  • Biotech innovation district
  • Infrastructure development
  • Water mains

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
April 06, 2025SenateFloorActionIntroduction and first reading
April 06, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This refers to the general sales tax rates applicable under these subdivisions.",
      "modified": []
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This relates to the process of refunding sales tax for qualifying projects under this clause.",
      "modified": []
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

Sponsors