Bill > SF1712

This bill makes two key changes to Minnesota state law. First, it increases the maximum amount of outstanding debt that the State Agricultural Society can issue from $30 million to $50 million, providing the organization with greater financial flexibility for its operations and projects, with this change set to take effect on July 1, 2025. Second, the bill creates a sales tax exemption for certain sales by the State Agricultural Society, specifically including admissions to and parking at the State Fairgrounds, as well as admissions to separately ticketed events run by the State Agricultural Society during the regularly scheduled state fair. The sales tax exemption does not apply to events held at times other than the state fair or events not held on the State Fairgrounds. This tax exemption is scheduled to take effect for sales and purchases made after June 30, 2025, and aims to provide financial support and incentives for the State Agricultural Society's activities.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1712&ssn=0&y=2025