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SF3318 (Legislative Session 94 (2025-2026))

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

Related bill: HF3084

AI Generated Summary

Purpose of the Bill

The purpose of this bill is to provide a financial incentive through a tax exemption for the city of Brooklyn Park. This exemption is meant to aid in the development of clean water infrastructure related to the city's biotech innovation district.

Main Provisions

  • Sales Tax Exemption: The bill proposes a refundable exemption from sales and use taxes for materials, supplies, and equipment used in building a water storage facility.
  • Eligibility Period: The eligible purchases for this exemption must be made between December 1, 2025, and December 31, 2028.
  • Refund Process: Although the sales and use tax will be initially applied to these purchases, it will be refunded afterward in accordance with existing Minnesota statutes related to project-specific tax refunds.

Significant Changes

  • This bill introduces an exemption specifically targeted at clean water infrastructure projects within the biotech innovation district in Brooklyn Park, expanding financial incentives for supporting essential city infrastructure developments.

Relevant Terms

sales tax exemption, refund, clean water infrastructure, construction materials, Brooklyn Park, biotech innovation district, water storage facility, Minnesota Statutes.

Bill text versions

Actions

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

Citations

 
[
  {
    "analysis": {
      "added": [
        "Exemption for materials used in the city's biotech district water storage facility."
      ],
      "removed": [
        ""
      ],
      "summary": "The bill provides a sales tax exemption for certain construction materials, referencing the rate application under section 297A.62.",
      "modified": [
        "Specifies refund process for tax collected."
      ]
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [
        "Defines refund process for sales tax exemption."
      ],
      "removed": [
        ""
      ],
      "summary": "This bill outlines the refund process similar to projects defined under section 297A.75.",
      "modified": [
        ""
      ]
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

Sponsors