Sales and use tax; purchases of tangible property and construction materials used for or in the construction and furnishing of certain buildings; provide exemption

Summary

The bill exempts sales and use tax on tangible property and construction materials used to build or furnish buildings on wharf lots located 1,500‑5,000 feet from a state‑owned convention or meeting facility that has 150,000‑750,000 square feet of meeting space and sits on an island in a boundary river. The exemption applies only from July 1 2026 through June 30 2033, or until $7 million in refunds is reached, and requires purchasers to pay tax up front and then claim a refund; no interest is paid. Materials that remain with the contractor after construction are not covered.

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