This bill proposes a sales and use tax exemption for construction materials and supplies used in specific projects within the city of Woodbury, particularly for the construction, reconstruction, upgrade, expansion, renovation, or remodeling of water treatment facilities and water towers, including related water pipeline infrastructure. The exemption applies to materials purchased between February 1, 2024, and November 30, 2028. The tax will be collected initially at the standard rate, as outlined in Minnesota Statutes, and then refunded in accordance with existing provisions for similar projects, with refunds for eligible purchases not being issued until after June 30, 2025.

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 legislation is retroactive for sales and purchases made after January 31, 2024, and before December 1, 2028.