Purpose of the Bill

The purpose of this bill is to modify the remittance requirements for sales and use taxes related to professional athletic events in Minnesota. It targets the timing when these taxes are due from specific retailers.

Main Provisions

• Sales and Use Tax Remittance Timing: The bill establishes that for qualifying retailers, specifically professional sports teams, the sales tax on the privilege of admission to professional athletic events must be remitted by the 20th day of the month following the event.
• Definition of Professional Athletic Events: These events include games, matches, activities, or tournaments organized by recognized professional sports leagues such as Major League Baseball, Major League Soccer, and the major basketball, football, and hockey leagues, including both men's and women's leagues.
• Qualifying Retailers: Retailers that are classified as professional sports teams across the mentioned leagues are specifically addressed in this amendment.

Significant Changes

• The bill introduces a new subdivision to the existing Minnesota Statutes section 289A.20. The specific change is the creation of a clear and precise deadline for tax remittances related to ticket sales at professional athletic events, thereby providing clarity and structure for tax obligations associated with these events.

Relevant Terms

• Professional athletic events
• Sales and use tax
• Remittance requirements
• 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 (PWHL)
• Qualifying retailer