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, as outlined in their respective master plans. To qualify, purchases must be made between January 1, 2024, and December 31, 2029. The tax will be collected initially but refunded later, with refunds for eligible purchases 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 refunds associated with this exemption. The effective date of this legislation is retroactive for sales and purchases made after December 31, 2023, and before January 1, 2030.