Purpose of the Bill

The bill aims to change tax laws by creating a tax exemption for certain types of sales related to higher education sports events in Minnesota.

Main Provisions

• Tax Exemption on Tickets: The bill proposes an exemption from sales and use taxes for tickets and admissions to intercollegiate sports events.
• Applicable Institutions: The exemption applies to sports events organized by public institutions of higher education in Minnesota. This includes state universities, community colleges, technical colleges, and the University of Minnesota.
• Eligible Sports: The events must be intercollegiate sports, which are those played at the college level and recognized by a national association that governs collegiate athletics.

Significant Changes to Existing Law

• The proposed amendment to Minnesota Statutes 2024 section 297A.70 would introduce a new subdivision specifically exempting certain intercollegiate sports tickets from sales tax, which was not previously covered in the tax code.

Relevant Terms

• Tax exemption
• Intercollegiate sports
• Public institution of higher education
• Sales and use taxes
• Minnesota Statutes section 297A.70