This bill establishes a Sports and Events Reimbursement Program in Minnesota, designed to provide financial support for hosting significant sporting events such as the Super Bowl and NCAA championships. It creates a dedicated account within the special revenue fund, where funds will be appropriated to the commissioner of revenue. Local organizing committees will apply for funding and must meet specific eligibility criteria, including documentation from a site selection organization. The bill also mandates the collection and reporting of data related to the economic impact of these events, including attendance figures and financial records, and outlines the calculation and deposit of tax revenues directly attributable to the events into the reimbursement program account.

Additionally, the bill outlines the allocation and management of tax revenues collected under Minnesota law, particularly focusing on sales taxes related to motor vehicles. It mandates that starting July 1, 2017, certain revenues must be deposited into the state treasury, directing funds to the highway user tax distribution fund and the general fund. The bill specifies revenue distribution percentages for fiscal years 2024 through 2037 and introduces a provision requiring the commissioner to deposit a share of revenues from specific events into the newly established sports and events reimbursement program account. It clarifies that sales tax revenues must be deposited in accordance with the Minnesota Constitution, with an effective date for these provisions to be determined.

Statutes affected:
Introduction: 168E.09, 290.62, 295.75, 295.81