This bill amends various sections of Minnesota Statutes to extend the sales tax savings for tickets and admissions related to the Minnesota State High School League. Specifically, it modifies section 128C.24 to establish a requirement for annual transfers to a nonprofit foundation aimed at promoting high school extracurricular activities, with a focus on scholarships for athletic fees. Additionally, it introduces a new expiration date of July 1, 2037, for these provisions, ensuring that the funding and tax exemptions remain in place for a longer period.

Furthermore, the bill updates section 297A.70, subdivision 11a, to clarify that tickets and admissions to events sponsored by the Minnesota State High School League are exempt from sales tax, with the same expiration date of July 1, 2037, applied. The effective date for all these changes is set to be the day following final enactment, thereby allowing for immediate implementation of the extended tax savings and funding provisions.

Statutes affected:
Introduction: 128C.24, 297A.70