Exempts construction materials for Redwood Valley Elementary from sales and use tax.

The bill provides a refundable exemption from sales and use tax for materials and supplies used in the construction, reconstruction, upgrade, expansion, renovation, or remodeling of Redwood Valley Elementary in the Redwood Independent School District. This exemption applies to purchases made between March 11, 2024, and September 9, 2026. The tax is imposed and collected as if the standard rate applied, then refunded. The amount required to pay the refunds is appropriated from the general fund to the commissioner of revenue.

Exempts construction materials for Redwood Valley Elementary from sales and use tax.

The bill provides a refundable exemption from sales and use tax for materials and supplies used in the construction, reconstruction, upgrade, expansion, renovation, or remodeling of Redwood Valley Elementary in the Redwood Independent School District. This exemption applies to purchases made between March 11, 2024, and September 9, 2026. The tax is imposed and collected as if the standard rate applied, then refunded. The amount required to pay the refunds is appropriated from the general fund to the commissioner of revenue.