SF515 (Legislative Session 94 (2025-2026))
Refundable exemption provision for construction materials used in Duluth International Airport and Sky Harbor Airport projects
AI Generated Summary
The bill, designated as SF No. 515, proposes a tax exemption aimed at supporting construction projects at Duluth International Airport and Sky Harbor Airport. Specifically, it allows for a refund on sales and use taxes for materials, supplies, and equipment used in the construction, reconstruction, upgrading, expansion, renovation, or remodeling of specific projects at these airports between June 1, 2023, and January 1, 2028.
The projects covered by this exemption include: 1. A new air traffic control tower at Duluth International Airport. 2. Two general aviation hangars at Duluth International Airport. 3. A new terminal at Sky Harbor Airport.
The bill stipulates that taxes on these materials will initially be collected as usual but will be eligible for a refund starting January 1, 2028. Applications for these refunds can be submitted until June 30, 2028. The funds needed to pay these refunds will come from the state's general fund and will be managed by the commissioner of revenue.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 22, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 22, 2025 | Senate | Floor | Action | Referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"A provision for the sales tax to be refunded under specific project conditions."
],
"removed": [],
"summary": "This bill references and applies the sales tax rate from section 297A.62 to materials used in certain airport projects, which are subject to refund.",
"modified": [
"Clarifies application of sales tax to eligible airport construction projects."
]
},
"citation": "297A.62"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This section is referenced to provide the refund process for sales tax on construction materials for airport projects.",
"modified": [
"Refund process for sales tax adjusted for specified airport projects."
]
},
"citation": "297A.75"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Adjusts the application period for refunds, overriding the default period in section 289A.50.",
"modified": [
"Allows refund applications through an extended deadline specific to this context."
]
},
"citation": "289A.50"
}
]