Dexma, Inc. provided and maintained an online Internet based system for the purpose of compiling, interpreting and transmitting information regarding home mortgage loan borrowers for use by its lending customers. The information was provided for a specified fee and was transmitted in the form of computerized reports. Dexma purchased various computer equipment and related items for the purpose of allowing it to expand its scope of services. Dexma requested the Minnesota Commissioner of Revenue for a capital equipment refund. The request was denied. On appeal, the Minnesota Tax Court reversed the decision of the Commissioner and held that Dexma was entitled to the statutory exemption.

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