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SF 2993

City of Minneapolis Upper Harbor Terminal Amphitheater construction materials refundable exemption provision and appropriation

2025-2026 Regular Session Introduced by Bobby Joe Champion

The bill would create a refundable state sales tax exemption for construction materials used on Minneapolis's Upper Harbor Terminal Amphitheater project, with an appropriation to s

Referred to Taxes
#citiesandtowns-specific #taxation-salesanduse
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Bill Summary · SF 2993

SF 2993 — City of Minneapolis Upper Harbor Terminal Amphitheater construction materials refundable exemption provision and appropriation

Overview

SF 2993 is a Minnesota Senate bill introduced on March 27, 2025, titled to authorize a refundable exemption from sales tax for construction materials used in the City of Minneapolis Upper Harbor Terminal Amphitheater project and to provide an appropriation related to that exemption. The bill has been referred to the Taxes committee. A companion bill is HF 2724.

What the bill would do (as indicated by the title)

  • Establish a refundable sales tax exemption for construction materials used in the Upper Harbor Terminal Amphitheater project in Minneapolis.
  • Include an appropriation to support or implement the exemption (the specific funding amount and mechanism are not provided in the information available here).

Note: The provided information does not include the bill’s full text, so the exact mechanics (eligibility criteria, qualifying materials, dollar caps, sunset provisions, claim process, and administration) are not specified in this summary. The details would be clarified in the actual bill language and any fiscal notes.

Who would be affected

  • City of Minneapolis and the Upper Harbor Terminal Amphitheater project: potential reduction in upfront tax costs for eligible construction materials and enhanced financing flexibility if the exemption supports project budgeting.
  • Construction material suppliers and contractors for the project: potential eligibility for sales tax refunds on materials purchased for the project.
  • State fiscal impact: potential loss of state sales tax revenue during periods when the exemption is in effect, offset by the appropriation mechanism included in the bill.
  • Government and tax administration: administration and processing of refund claims, if applicable, would fall to the relevant state agency (typically the Department of Revenue or a designated authority), per the bill’s provisions.

Procedural status and timeline

  • Introduced and given first reading: March 27, 2025.
  • Referred to: Taxes committee.
  • No additional committee action or fiscal notes listed in the provided information.
  • Companion: HF 2724 (House of Representatives).

Next steps and considerations

  • Review the full bill text to confirm eligibility, eligible materials, refund mechanics, cap or sunset provisions, claim timelines, and funding sources for the appropriation.
  • Check for fiscal notes to understand the estimated revenue impact and the cost to the state.
  • Monitor committee hearings for amendments, votes, and potential passage or defeat.
  • Compare with HF 2724 for alignment or divergence between the Senate and House versions.

If you’d like, I can summarize the actual bill text once available or track amendments and fiscal notes as they are published.

Compiled from official sources — confirm details with the bill’s official record.

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