St. Cloud; refundable sales and use tax exemption provided for materials used in construction projects in redevelopment districts.

This bill creates a refundable sales tax exemption for construction materials used in private redevelopment projects within specific parcels in St. Cloud, Minnesota. It directly affects property developers working on 39 designated sites across Stearns and Benton counties (listed by tax ID numbers), allowing them to reclaim sales tax paid on qualifying materials. The exemption applies to purchases made between July 2025 and December 2040, with refunds capped at $13 million total. The state will process refunds for complete applications in the order received, requiring applicants to verify tax payments.