HF3032

Purpose of the Bill

The bill aims to allocate funds for stadium improvements in Minnesota by utilizing revenues generated from electronic pull-tabs, which are a form of charitable gambling.

Main Provisions

• Revenue Calculation: Annually, by March 15, the Commissioner of Management and Budget will calculate the difference in tax revenue derived from electronic pull-tabs between the previous fiscal year and a specified base year (2024).
• Appropriation to Minnesota Sports Facilities Authority: If revenue from the previous year exceeds that of the base year, a percentage of the excess, up to a maximum limit, will be appropriated from the general fund to the Minnesota Sports Facilities Authority for stadium improvements.
• Maximum Amount: The maximum annual appropriation for stadium improvements is set at $20,000,000.

Significant Changes to Existing Law

• The bill introduces a new subdivision to Minnesota Statutes section 297E.02, specifically addressing the allocation of revenues from electronic pull-tabs for stadium improvements.
• It establishes a framework for calculating and appropriating funds based on the differential tax revenue generated by electronic pull-tabs.

Relevant Terms

• Charitable gambling
• Electronic pull-tabs
• Minnesota Sports Facilities Authority
• Stadium improvements
• General fund appropriation