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 a water treatment facility and water tower, as well as related water pipeline infrastructure. The exemption applies to materials purchased between January 31, 2024, and December 1, 2028. The tax will be collected initially but will be 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 within the specified timeframe, ensuring that the tax exemption applies to qualifying transactions occurring after January 31, 2024.