This bill proposes a sales and use tax exemption for construction materials and supplies used in the TH 61/80th Street Rehabilitation Project in Cottage Grove, Minnesota. Specifically, it allows for a refundable exemption on materials and equipment purchased between March 31, 2026, and January 1, 2028. The tax will be collected initially at the standard rate, as outlined in Minnesota Statutes, and then refunded in accordance with existing provisions for similar projects.

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 for this exemption is retroactive, applying to sales and purchases made within the specified timeframe.