The bill proposes an amendment to Minnesota Statutes 2024, section 297A.68, by adding a new subdivision that provides a sales and use tax exemption for fiber and conduit used by broadband and Internet service providers. Specifically, it states that fiber and conduit purchased or leased for direct use in providing broadband or Internet access services, which are intended for retail sale, will be exempt from taxation, unless they are already exempt under a previous subdivision.

Additionally, the bill specifies that this exemption will take effect for sales and purchases made after July 1, 2025. This legislative change aims to support the expansion of broadband access by reducing the financial burden on service providers for the necessary infrastructure.

Statutes affected:
Introduction: 297A.68