Exempts sales and use tax for construction materials for the Minneapolis-St. Paul International Airport renovation.

The bill provides a refundable sales tax exemption for construction materials used in the renovation of the Minneapolis-St. Paul International Airport. This exemption applies to purchases made after June 30, 2023, and before January 1, 2028. The tax is imposed as if the rate under Minnesota Statutes, section 297A.62, subdivisions 1 and 1a, applied and then refunded in the same manner provided for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17). The amount required to pay the refunds is appropriated from the general fund to the commissioner of revenue.

Exempts sales and use tax for construction materials for the Minneapolis-St. Paul International Airport renovation.

The bill provides a refundable sales tax exemption for construction materials used in the renovation of the Minneapolis-St. Paul International Airport. This exemption applies to purchases made after June 30, 2023, and before January 1, 2028. The tax is imposed as if the rate under Minnesota Statutes, section 297A.62, subdivisions 1 and 1a, applied and then refunded in the same manner provided for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17). The amount required to pay the refunds is appropriated from the general fund to the commissioner of revenue.