Budget & Taxes (Sales Tax)

SF 20 is a comprehensive tax bill modifying multiple tax systems in Minnesota. It removes the sales tax exemption for electricity used by data centers (affecting tech companies), increases taxes on cannabis products, and eliminates local cannabis aid. The bill also makes the research and development tax credit partially refundable for businesses and repeals the controlled substance tax. Additionally, it adjusts property tax exemptions, modifies sales tax payment rules for vendors, and updates political contribution refund processes.