This bill amends Minnesota Statutes 2024, section 289A.20, by adding a new subdivision that modifies the remittance requirements for sales and use tax related to professional athletic events. Specifically, it establishes that for qualifying retailers, which are defined as professional sports teams in major leagues, the taxes on admissions to these events are due by the 20th day of the month following the event. The bill also provides definitions for "professional athletic event" and "qualifying retailer" to clarify which entities are affected by this change.

Additionally, the bill includes provisions that void any interest and penalties imposed on sales and purchases related to this section that occurred after December 31, 2014, and before the day following the final enactment of the act. This retroactive application aims to alleviate any financial burdens on qualifying retailers during that period. The effective date for the new remittance requirements is retroactive to sales and purchases made after December 31, 2014, while the voiding of interest and penalties takes effect the day after the bill is enacted.

Statutes affected:
Introduction: 289A.20