This bill proposes a sales and use tax exemption for construction materials and supplies used in specific projects within the city of Woodbury, Minnesota. The exemption applies to materials and equipment utilized in the construction, reconstruction, upgrade, expansion, renovation, or remodeling of a water treatment facility and water tower, as well as related water pipeline infrastructure improvements. To qualify, these materials must be purchased between February 1, 2024, and November 30, 2028. The tax will be collected initially but refunded later, following the procedures outlined in existing Minnesota 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, applying to sales and purchases made after January 31, 2024, and before December 1, 2028.