SF542
St. Louis County certain housing development projects construction materials refundable exemption and appropriation
Legislative Session 94 (2025-2026)
Related bill: HF442
AI Generated Summary
Senate File No. 542 is a legislative proposal designed to encourage housing development projects in St. Louis County, Minnesota. The bill aims to provide financial relief by offering a refundable sales tax exemption on construction materials, supplies, and equipment used in certain housing construction projects. To qualify, the projects must begin after June 30, 2025, and be completed before July 1, 2027. The types of housing developments eligible for this exemption include:
- Apartment developments with at least 20 units.
- Condominium developments with at least 40 units.
- Townhome developments with at least 40 units.
The bill outlines that taxes will be initially collected as usual but will later be refunded under specified guidelines. The necessary funds for these refunds will be sourced from the state's general fund and managed by the commissioner of revenue. This measure aims to stimulate construction activity, increase housing availability, and support economic growth in the specified region.
Past committee meetings
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Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 23, 2025 | Senate | Action | Introduction and first reading | ||
| January 23, 2025 | Senate | Action | Referred to | Taxes | |
| Showing the 5 most recent stages. This bill has 2 stages in total. Log in to view all stages | |||||
Meeting documents
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Citations
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Progress through the legislative process
Sponsors
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