This bill amends Minnesota Statutes 2024, section 297A.70, by adding a new subdivision that provides a sales and use tax exemption for tickets and admissions to intercollegiate sports events sponsored by public institutions of higher education. The new language defines "intercollegiate sport" as a sport played at the collegiate level with eligibility requirements set by a national association, and "public institution of higher education" as including state universities, state community colleges, state technical colleges, and the University of Minnesota.

The exemption is intended to take effect for sales and purchases made after June 30, 2025. This legislative change aims to support and promote attendance at intercollegiate sporting events by reducing the financial burden on attendees through the elimination of sales tax on tickets and admissions.

Statutes affected:
Introduction: 297A.70