Purpose of the Bill

This bill aims to exempt tickets and admissions for intercollegiate sports events from sales and use taxes in Minnesota. This includes games and events hosted by public institutions of higher education.

Main Provisions

• Tax Exemption: The bill introduces a tax exemption for tickets and admissions related to intercollegiate sports games and events.
• Eligible Institutions: The exemption applies to public institutions of higher education, which include state universities, state community colleges, state technical colleges, and the University of Minnesota.

Significant Changes to Existing Law

• The bill amends Minnesota Statutes section 297A.70 by adding a new subdivision that specifically exempts intercollegiate sports tickets and admissions from sales and use taxes. This represents a change from the current law, where such tickets may be subject to taxation.

Relevant Terms

• Tax exemption
• Intercollegiate sports
• Public institutions of higher education
• Sales and use tax
• University of Minnesota