Minnesota HF888 provides a refundable sales and use tax exemption for construction materials used in a three-story school building project in the.
Minnesota HF888 establishes a refundable sales and use tax exemption for materials and supplies used in constructing a three-story school building in the Round Lake-Brewster Independent School District. The exemption applies to purchases made between December 31, 2023, and September 1, 2026. The tax must be imposed and collected as if the standard rate applied, with refunds handled in the same manner as other specified projects. The necessary funds for these refunds are appropriated from the state's general fund to the commissioner of revenue.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.