This bill proposes a sales tax exemption for construction materials used in specific projects within the city of Edina, Minnesota. The exemption applies to materials and supplies used in the development of Fred Richards Park and improvements to Braemar Park, provided these items are purchased between January 1, 2024, and December 31, 2029. The bill stipulates that while the sales tax will initially be collected, it will be refunded in accordance with existing statutes, 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 December 31, 2023, and before January 1, 2030.