This bill proposes a sales 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 and use tax under Minnesota Statutes, provided the purchases occur between November 30, 2025, and January 1, 2029. The bill outlines that the tax will be collected initially but refunded in accordance with existing provisions for similar projects.

Additionally, the bill includes an appropriation clause, ensuring that the necessary funds to cover these tax 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.