This bill establishes a refundable sales and use tax exemption specifically for construction materials and supplies used in projects for the Big Lake Public School District, which includes Big Lake Liberty Elementary School, Big Lake Independence Elementary School, Big Lake Middle School, and Big Lake High School. The exemption applies to materials purchased between January 1, 2022, and December 31, 2024. The tax will be collected as if the standard rate applied, but eligible purchases will be refunded in accordance with existing provisions for similar projects, with refunds not 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 exemption is retroactive, applying to sales and purchases made after December 31, 2021, and before January 1, 2025.