This bill proposes a sales and use tax exemption for construction materials and supplies used in specific projects within the city of Wayzata. The exemption applies to materials purchased between December 31, 2025, and July 1, 2030, for projects including the expansion and remodeling of Depot Park, construction of community docks, shoreline restoration, restoration of the Section Foreman House, construction of Eco Park, and a regional multiuse trail. The tax will be collected as if the standard rate applied, but eligible purchases will be refunded in accordance with existing statutes, with refunds not issued until after June 30, 2026.

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 during the specified timeframe.