Exempts construction materials for a regional exhibition center in Olmsted County 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 a regional exhibition center at Graham Park in Olmsted County. This exemption applies to purchases made between December 31, 2024, and January 1, 2028. The tax must be imposed and collected as if the applicable rate applied, then refunded. The amount required for refunds is appropriated from the general fund to the commissioner of revenue.

Exempts construction materials for a regional exhibition center in Olmsted County 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 a regional exhibition center at Graham Park in Olmsted County. This exemption applies to purchases made between December 31, 2024, and January 1, 2028. The tax must be imposed and collected as if the applicable rate applied, then refunded. The amount required for refunds is appropriated from the general fund to the commissioner of revenue.