SF61

Senate Bill No. 61 is designed to help the city of Plymouth, Minnesota, by making it cheaper to construct and renovate certain public facilities and infrastructure. How? By removing the sales and use taxes on materials, supplies, and equipment needed for these projects. The projects mentioned include building a new public parking ramp, updating Plymouth Boulevard, expanding the Plymouth Ice Center, constructing regional stormwater facilities, realigning roads, enlarging the Plymouth Community Center, and renovating the Zachary Water Treatment Plant and Meadows Playfield.

To make use of this tax exemption, the purchases have to be made after December 31, 2023, and before July 1, 2028. Although tax is initially paid, it's then refunded. The first refunds will start being issued after June 30, 2025, indicating a delay in the return of the tax money. The funds needed to cover these tax refunds will come from the state’s general fund and managed by the commissioner of revenue. This legislative effort aims to support community development and infrastructure upgrades in Plymouth through financial relief.