Office of the Revisor of Statutes
SF 2947
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/25/2025 10:21 a.m.
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2.5
A bill for an act
relating to taxation; charitable gambling; modifying the combined net receipts tax
rates and brackets; amending Minnesota Statutes 2024, section 297E.02, subdivision
6.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 297E.02, subdivision 6, is amended to read:
Subd. 6.
Combined net receipts tax.
(a) In addition to the taxes imposed under
subdivision 1, a tax is imposed on the combined net receipts of the organization. As used
in this section, "combined net receipts" is the sum of the organization's gross receipts from
lawful gambling less gross receipts directly derived from the conduct of paper bingo, raffles,
and paddlewheels, as defined in section 297E.01, subdivision 8, and less the net prizes
actually paid, other than prizes actually paid for paper bingo, raffles, and paddlewheels, for
the fiscal year. The combined net receipts of an organization are subject to a tax computed
according to the following schedule:
| If the combined net receipts for the fiscal year are: |
The tax is: |
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| Not over deleted text begin $87,500deleted text end new text begin $100,000 new text end |
deleted text begin eightdeleted text end new text begin sevennew text end percent |
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| Over deleted text begin $87,500deleted text end new text begin $100,000new text end , but not over deleted text begin $122,500deleted text end new text begin $200,000 new text end |
$7,000 plus deleted text begin 17deleted text end new text begin 15new text end percent of the amount over deleted text begin $87,500deleted text end new text begin $100,000new text end , but not over deleted text begin $122,500deleted text end new text begin $200,000 new text end |
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| Over deleted text begin $122,500deleted text end new text begin $200,000new text end , but not over deleted text begin $157,500deleted text end new text begin $300,000 new text end |
deleted text begin $12,950deleted text end new text begin $22,000new text end plus deleted text begin 25deleted text end new text begin 20new text end percent of the amount over deleted text begin $122,500deleted text end new text begin $200,000new text end , but not over deleted text begin $157,500deleted text end new text begin $300,000 new text end |
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| Over deleted text begin $157,500deleted text end new text begin $300,000 new text end |
deleted text begin $21,700deleted text end new text begin $42,000new text end plus deleted text begin 33.5deleted text end new text begin 25new text end percent of the amount over deleted text begin $157,500deleted text end new text begin $300,000 new text end |
(b) Gross receipts derived from sports-themed tipboards are exempt from taxation under
this section. For purposes of this paragraph, a sports-themed tipboard means a sports-themed
tipboard as defined in section 349.12, subdivision 34, under which the winning numbers
are determined by the numerical outcome of a professional sporting event.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective July 1, 2025.
new text end