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 legal language specifies that such tickets and admissions are exempt from taxation, defining "intercollegiate sport" as a sport played at the collegiate level with eligibility requirements set by a national association, and "public institution of higher education" to include state universities, state community colleges, state technical colleges, and the University of Minnesota.

The bill also establishes an effective date for this exemption, stating that it will apply to sales and purchases made after June 30, 2025. This legislative change aims to 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