This bill proposes a sales tax exemption for construction materials used in specific projects within the city of Albert Lea, particularly for the City Arena. The exemption applies to materials and supplies purchased between April 1, 2024, and December 31, 2026. The bill stipulates that while the sales tax will initially be imposed, it will be refunded in accordance with existing provisions for similar projects, with refunds not being issued until after June 30, 2024.

Additionally, the bill includes an appropriation from the general fund to the commissioner of revenue to cover the costs of these refunds. The effective date of this exemption is retroactive for sales and purchases made within the specified timeframe.