Purpose of the Bill

The purpose of this bill is to modify the sales and use tax remittance requirements for professional athletic events in Minnesota. It aims to set a specific timeline for when these taxes are due.

Main Provisions

• Sales Tax Remittance Timeline: The bill specifies that taxes on the sale of admission to professional athletic events must be submitted to the commissioner by the 20th day of the month following the event. This provides a clear and standardized timeline for remittance.
• Definition of Professional Athletic Events: The bill defines professional athletic events as any sports games, matches, activities, or tournaments organized by major professional sports organizations. This includes Major League Baseball, Major League Soccer, the National Basketball Association, the Women's National Basketball Association, the National Football League, the National Hockey League, and the Professional Women's Hockey League.
• Qualifying Retailers: Retailers affected by this bill are professional sports teams from the aforementioned leagues.

Significant Changes to Existing Law

• The bill adds a new subdivision to Minnesota Statutes 2024, section 289A.20, which specifies the remittance timing for sales tax related to professional sports events. This represents a departure from the former rules under subdivision 4, paragraphs a to c.

Relevant Terms

• Sales and use tax
• Remittance requirements
• Professional athletic events
• Major League Baseball (MLB)
• Major League Soccer (MLS)
• National Basketball Association (NBA)
• Women's National Basketball Association (WNBA)
• National Football League (NFL)
• National Hockey League (NHL)
• Professional Women's Hockey League