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MN SF422

MN SF422
Certain firearms and certain fishing equipment annual sales and purchases tax holiday provision


summary

Introduced
01/21/2025
In Committee
01/21/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to taxation; sales and use; providing annual tax holiday periods for sales and purchases of certain firearms and certain fishing equipment; amending Minnesota Statutes 2024, section 297A.68, by adding subdivisions.

AI Summary

This bill establishes two separate annual sales tax holidays for specific types of sporting equipment in Minnesota. The first provision creates a seven-day tax exemption for firearms (excluding handguns) in the week leading up to the start of deer hunting season, as determined by the commissioner of natural resources. The second provision creates a similar seven-day tax holiday for sport angling equipment during the week prior to the fishing season's traditional opening, which is typically the Saturday two weeks before Memorial Day weekend. Both tax exemptions will become effective for sales and purchases made after June 30, 2025, meaning the first implementation would be in 2025. By temporarily eliminating sales tax on these specific types of sporting equipment, the bill aims to provide financial relief to hunters and anglers during the periods when they are most likely to be purchasing new gear in preparation for their respective hunting and fishing seasons.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Taxes (on 01/21/2025)

bill text


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