Bill > SF3228

This bill modifies the sales and use tax remittance requirements for professional sports teams, specifically those competing in major leagues like MLB, MLS, NBA, WNBA, NFL, NHL, and PWHL. Currently, these taxes are typically due at a standard time, but the bill changes the due date for qualifying retailers (professional sports teams) to the 20th day of the month following the month in which a professional athletic event occurred. The bill also retroactively applies this new rule to sales and purchases made after December 31, 2014, and importantly, it voids any interest and penalties that may have been imposed on these teams for sales and purchases during this period before the bill's final enactment. By providing this specific provision, the bill appears to be offering a tax accommodation for professional sports organizations, potentially simplifying their tax reporting and potentially reducing their financial burden related to event admission sales.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3228&ssn=0&y=2025