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SF3319 (Legislative Session 94 (2025-2026))

City of Brooklyn Park regional athletic facility construction materials refundable exemption provision and appropriation

Related bill: HF3082

AI Generated Summary

Purpose of the Bill

The purpose of the bill is to provide a tax benefit for the construction of a regional athletic facility in the city of Brooklyn Park. Specifically, it aims to support the development by offering a refundable sales and use tax exemption on construction-related purchases.

Main Provisions

  • Sales Tax Exemption: The bill grants an exemption from sales and use tax for materials, supplies, and equipment used in the construction, reconstruction, upgrade, expansion, or renovation of the athletic facility.
  • Refund Process: Although the tax will initially be collected, it will be refunded after the purchases of qualifying construction materials and supplies. The refund process will follow the same guidelines as similar projects outlined in Minnesota Statutes.
  • Timeframe: The exemption applies to purchases made between December 1, 2025, and December 31, 2028.

Significant Changes to Existing Law

The bill specifically targets a construction project in Brooklyn Park, introducing a refundable tax exemption that is not currently available. This exemption is tailor-made for the proposed construction and provides a financial incentive during a specified period.

Relevant Terms

  • Sales and Use Tax
  • Refundable Tax Exemption
  • Regional Athletic Facility
  • Construction Materials
  • Brooklyn Park

Bill text versions

Actions

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

Citations

 
[
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This section applies the standard sales tax rate to specific sales, which is mentioned in relation to an exemption for construction materials.",
      "modified": [
        ""
      ]
    },
    "citation": "297A.62",
    "subdivision": "subdivisions 1 and 1a"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        ""
      ],
      "summary": "This section provides guidelines for refunding sales tax on specific projects, applicable here for a regional athletic facility.",
      "modified": [
        ""
      ]
    },
    "citation": "297A.75",
    "subdivision": "subdivision 1 clause 17"
  }
]

Sponsors