City of St. Cloud redevelopment districts construction projects materials refundable exemption provision and appropriation

SF 2727 provides a refundable sales tax exemption for construction materials used in private redevelopment projects within specific designated parcels in St. Cloud, Minnesota. The exemption applies to property owners developing on 21 listed parcels across Stearns and Benton counties (including sites like the Lady Slipper Catalyst Site and Transit Oriented Development areas) for projects subject to property taxes. Property owners can claim refunds for taxes paid on exempt materials, with a $13 million total cap on refunds from the general fund, processed in order of application receipt. The exemption is effective from July 1, 2025, through December 31, 2040.