This bill proposes a sales and use tax exemption for construction materials and supplies used in the development of a water storage facility in Brooklyn Park, aimed at supporting the city's biotech innovation district. Specifically, it establishes that materials and equipment purchased for this purpose will be exempt from sales tax if acquired between November 30, 2025, and January 1, 2029. The bill outlines that the tax will be initially collected but subsequently refunded in accordance with existing provisions for similar projects.

Additionally, the bill includes an appropriation clause, ensuring that the necessary funds to cover these 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 within the specified timeframe, reinforcing the bill's focus on promoting infrastructure development in Brooklyn Park.