Purpose of the Bill

The bill aims to make tickets and admissions to intercollegiate sports events at public colleges and universities in Minnesota exempt from sales and use taxes.

Main Provisions

• Tax Exemption: The bill proposes an amendment to existing tax law to exclude tickets and admissions to intercollegiate sports games and events from sales and use taxes.
• Applicable Institutions: The tax exemption applies to public institutions of higher education, which include state universities, state community colleges, state technical colleges, and the University of Minnesota.
• Eligibility: The sports must be officially recognized as intercollegiate sports, meaning they follow eligibility requirements set by a national association that governs collegiate athletics.

Significant Changes to Existing Law

• Tax Code Amendment: This bill adds a new subdivision to the Minnesota Statutes 2024 section 297A.70, creating a specific exemption for intercollegiate sports tickets, which were previously subject to standard sales and use taxes like other similar event admissions.

Relevant Terms

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