Bill > HF4949

This bill establishes a Sports and Events Reimbursement Program to provide financial assistance for certain large-scale sporting and entertainment events held in Minnesota. The program will be funded by a portion of tax revenues generated by these events, with the exact amount determined by the University of Minnesota based on an "incremental increase" in tax receipts attributable to the event. Eligible events are specifically defined and include major professional and collegiate sports championships, tournaments, and other high-profile gatherings. A "local organizing committee" responsible for the event's promotion and execution, and a "site selection organization" that chooses Minnesota as a venue, will be eligible to apply for reimbursement for preparation and operational costs, including facility improvements or construction. The bill also mandates reporting requirements for local organizing committees to track attendance and economic impact, and it outlines how specific tax revenues will be diverted to a dedicated "sports and events reimbursement program account" within the state treasury.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/HF/4949/