Redwood Independent School District; refundable sales and use tax exemption provided for construction materials for certain projects.

HF 938 provides a refundable sales and use tax exemption for construction materials used at Redwood Valley Elementary School in Redwood Falls (Independent School District 2897). It applies to materials purchased between March 11, 2024, and September 9, 2026, for projects like new construction, renovation, or expansion. Purchasers pay the tax upfront but receive a refund from the state, funded by the general fund. This directly affects the school district, contractors, and vendors involved in these specific construction projects. The exemption is retroactive to cover eligible purchases made after March 11, 2024.