This bill establishes a refundable sales and use tax exemption for construction materials and supplies used in renovation projects for the Big Lake Public School District, specifically for 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 initially but refunded later, following the procedures outlined in existing law for similar projects, with refunds 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 exemption is retroactive, applying to sales and purchases made after December 31, 2021, and before January 1, 2025.