Ramsey sales and use tax exemption for certain construction materials modification

This bill modifies Minnesota law to exempt certain construction materials and equipment from sales and use tax for projects in the city of Ramsey. The exemption applies specifically to work on new water treatment plants and trunk water main improvements, provided the purchases occur between December 31, 2022, and July 1, 2027. Under the new rules, the city must initially pay the tax and then receive a refund for these eligible purchases, with refunds issued between July 1, 2023, and July 1, 2027. The legislation also states that this tax exemption applies retroactively to purchases made after December 31, 2022.