Providing sales and use tax refunds on the sales price of materials, equipment, and services used in the performance of a written construction contract with a nonprofit hospital, and including applicability provisions

This bill provides sales and use tax refunds on the sales price of materials, equipment, and services used in the performance of a written construction contract with a nonprofit hospital. Under the bill, a nonprofit hospital may apply to the department of revenue for the refund of the sales or use tax upon the sales price of materials, equipment, and services if all of the following apply: the materials, equipment, and services are completely consumed in the performance of the construction project with the nonprofit hospital; the property that is subject of the construction project becomes public property or the property of the nonprofit hospital; and the construction project is not used in connection with the operation of a municipal utility or used in a construction project under Code chapter 419 (municipal support projects). 1 that is a nonprofit and is located in this state. The bill applies to written contracts for construction projects entered into with a nonprofit hospital on or after January 1, 2025.