This bill proposes a sales and use tax exemption for construction materials used in the development of the Upper Harbor Terminal Amphitheater in Minneapolis. Specifically, it establishes that materials, supplies, fixtures, furniture, and equipment utilized in the construction, renovation, or improvement of this public infrastructure will be exempt from sales and use tax under Minnesota Statutes, chapter 297A. To qualify for this exemption, purchases must be made by contractors, subcontractors, or the amphitheater's operator between June 30, 2025, and January 1, 2029. The bill also stipulates that the tax will be collected initially and then refunded in accordance with existing provisions for similar projects.

Additionally, the bill includes an appropriation clause, stating that the necessary funds to cover the refunds will be allocated from the general fund to the commissioner of revenue. The effective date for this exemption is set for sales and purchases made after June 30, 2025, and before January 1, 2029.