This bill amends Minnesota Statutes to increase the maximum outstanding debt allowed for the State Agricultural Society from $30,000,000 to $50,000,000, thereby enhancing its bonding authority to support its financial needs. The effective date for this change is set for July 1, 2025.

Additionally, the bill introduces a sales tax exemption for certain sales conducted by the State Agricultural Society, specifically for admissions and parking at the State Fairgrounds, as well as admissions to separately ticketed events organized by the Society. However, this exemption does not apply to events held outside the regular state fair schedule or not located on the State Fairgrounds. This provision will take effect for sales and purchases made after June 30, 2025.

Statutes affected:
Introduction: 37.31, 297A.70