Purpose of the Bill

The purpose of this bill is to amend the taxation laws in Minnesota to provide a specific tax exemption related to certain sporting events.

Main Provisions

• The bill introduces a tax exemption for admission fees to world championship golf tournaments.
• This exemption specifically applies to events sponsored by the Professional Golfers Association of America (PGA).
• The exemption also extends to related events that are organized by the PGA.

Significant Changes

• The current sales and use tax law in Minnesota will be modified to include a new subdivision under Section 297A.68, which allows for this specific admission tax exemption.
• Prior to this bill, standard sales taxes would apply to admission fees for all events, including championship golf tournaments.

Relevant Terms

sales tax exemption, Professional Golfers Association (PGA), sports events, championship golf, admission fees, Minnesota tax law.