Bill > HF1681

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, which will provide more financial flexibility for the organization to fund its operations and projects, with this change becoming effective on July 1, 2025; second, the bill creates a new sales tax exemption for the State Agricultural Society, specifically exempting admissions to and parking at the State Fairgrounds, as well as admissions to separately ticketed events run by the Society during the regularly scheduled state fair. The sales tax exemption does not apply to events held at other times or locations outside the State Fairgrounds, and will take effect for sales and purchases made after June 30, 2025. These changes are designed to support the State Agricultural Society's financial operations and provide tax relief for its events, with clear definitions and timing parameters to guide implementation.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1681&ssn=0&y=2025