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 this exemption applies to games and events for sports that meet the eligibility requirements set by a national association governing collegiate athletics. It also defines "intercollegiate sport" and "public institution of higher education," which includes state universities, community colleges, technical colleges, and the University of Minnesota.

The bill establishes that the exemption will be effective for 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 and use tax on tickets and admissions.

Statutes affected:
Introduction: 297A.70