Minnesota HF2488 exempts sales tax on materials and supplies for research and development campuses.

Minnesota HF2488 amends state statutes to provide a refundable exemption for sales tax on materials and supplies used in the construction or improvement of research and development campuses. This exemption applies to campuses with at least 250,000 square feet of laboratory space and a total construction cost of at least $200 million within a 32-month period. The tax exemption is effective for sales and purchases made after June 30, 2025.

Minnesota HF2488 exempts sales tax on materials and supplies for research and development campuses.

Minnesota HF2488 amends state statutes to provide a refundable exemption for sales tax on materials and supplies used in the construction or improvement of research and development campuses. This exemption applies to campuses with at least 250,000 square feet of laboratory space and a total construction cost of at least $200 million within a 32-month period. The tax exemption is effective for sales and purchases made after June 30, 2025.