SF2831

Purpose of the Bill

The bill is aimed at extending the sales tax savings for tickets and admissions managed by the Minnesota State High School League. It is designed to continue supporting high school extracurricular activities through tax savings.

Main Provisions

• Sales Tax Savings Transfer: The bill mandates that the Minnesota State High School League continue transferring sales tax savings to a nonprofit charitable foundation.
• Use of Funds: These funds will be used by the foundation to provide grants. The primary goal is to support high school extracurricular activities by offering scholarships that help cover athletic fees.
• Grant Distribution: When distributing grants, the foundation should try to maintain gender balance, consider school sizes, and account for geographic diversity.

Significant Changes

• Extension of Expiration Date: The bill extends the expiration date for this sales tax savings transfer program to July 1, 2037. This allows for continued financial support of high school extracurricular activities for an additional period beyond the current statute.

Relevant Terms

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