This bill establishes 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 provides that materials and equipment purchased for this project after March 31, 2026, and before January 1, 2028, will be exempt from sales and use tax as outlined in Minnesota Statutes, chapter 297A. The tax will be collected initially but 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 for sales and purchases made within the specified timeframe.