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MN HF3032

MN HF3032
Minnesota Sports Facilities Authority funding provided contingent on certain revenues from the conduct of electronic pull-tabs, and money appropriated.


summary

Introduced
04/01/2025
In Committee
04/01/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to taxation; charitable gambling; appropriating money to the Minnesota Sports Facilities Authority contingent on certain revenues from the conduct of electronic pull-tabs; amending Minnesota Statutes 2024, section 297E.02, by adding a subdivision.

AI Summary

This bill establishes a mechanism for funding stadium improvements for the Minnesota Sports Facilities Authority based on revenues generated from electronic pull-tabs (a type of charitable gambling). Specifically, the bill requires the commissioner of revenue to calculate the difference between electronic pull-tab tax revenues in the current fiscal year and a base year (fiscal year 2024). If the current year's revenues exceed the base year, a percentage of that difference (up to a maximum of $20 million) will be automatically appropriated from the general fund to the Minnesota Sports Facilities Authority for stadium improvements. The calculations will be done annually by March 15, with funds transferred by August 1, starting in 2026. The commissioner will adjust the maximum amount annually based on statutory provisions, and the rounded amounts will be used for funding. The effective date of this legislation is July 1, 2025, which means the first calculations and potential transfers would occur in 2026. This bill appears designed to provide a stable, ongoing funding source for stadium maintenance and upgrades, contingent on the performance of electronic pull-tab gambling revenues.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Introduction and first reading, referred to Taxes (on 04/01/2025)

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