Residential housing construction materials sales and use tax exemption authorization

SF 536 creates a refundable tax exemption for construction materials used in new residential housing in Minnesota. The bill requires that sales tax on these materials be collected at the standard rate but then fully refunded to eligible purchasers. This directly affects developers and builders who purchase materials for new single-family homes, apartment complexes, or other new residential projects. The exemption applies to materials consumed during construction, with refunds processed under existing tax procedures. The provision takes effect for sales after June 30, 2025.