Purpose of the Bill

The purpose of this bill is to provide a tax exemption for tickets and admissions to intercollegiate sports events in Minnesota that are sponsored by public institutions of higher education.

Main Provisions

• Tax Exemption: The bill proposes an amendment to Minnesota Statutes, specifically to section 297A.70, to include a new subdivision that exempts sales tax on tickets and admissions for intercollegiate sports events.
• Scope: The exemption will apply to any sport played at the collegiate level, provided that the sport's eligibility for participation is regulated by a national association focused on collegiate athletics.
• Institutions Covered: The exemption specifically pertains to tickets for events hosted by state universities, state community colleges, state technical colleges, and the University of Minnesota.

Significant Changes

The bill introduces a new tax exemption category within the Minnesota Statutes, reducing the cost for attendees of college sports events by removing the sales tax on tickets and admissions. This change aims to make attending such events more accessible and encourage greater public turnout and support for collegiate athletics.

Relevant Terms

• Tax exemption
• Intercollegiate sports
• Public institutions
• Collegiate athletics
• Sales tax