HF2988

Purpose of the Bill

The bill aims to extend the sales tax savings for the Minnesota State High School League to provide financial support for high school extracurricular activities through a nonprofit charitable foundation.

Main Provisions

• The Minnesota State High School League is required to determine annually the amount of sales tax savings from ticket and admissions sales, as specified under section 297A.70 subdivision 11a.
• This savings amount must be transferred to a nonprofit charitable foundation.
• The foundation's purpose is to use these funds to make grants that promote high school students' involvement in extracurricular activities.

Significant Changes

• The bill extends the existing provision that requires the Minnesota State High School League to transfer determined sales tax savings to a foundation designed to support high school extracurricular activities.
• These provisions have been extended and are now set to expire on July 1, 2037.

Relevant Terms

Minnesota State High School League, sales tax savings, nonprofit charitable foundation, extracurricular activities, athletic fees, scholarships, gender balance, geographic location.