SF48

The bill SF No 48 proposes to exempt construction materials used in building and upgrading facilities within the Russell Tyler Ruthton Independent School District from Minnesota sales and use taxes. This tax break applies specifically to materials, supplies, and equipment bought between January 1, 2020, and December 31, 2023, and used in the construction of pre-K to grade 12 school buildings and athletic fields. The taxes paid on these materials will still be collected, but they will then be refunded under the same procedures used for other similar projects. Claims for refunds can be filed until January 1, 2026, for purchases made between the specified dates. The necessary funds to cover these refunds will come from the state's general fund.