Legislative Session number- 87

Bill Name: SF1164

Relating to stadiums

ARTICLE 1 - MINNESOTA STADIUM AUTHORITY

Providing for
the construction, financing, and long-term use of a stadium primarily as a venue
for professional football; establishing the Minnesota stadium authority;
defining terms; imposing a sports memorabilia gross receipts tax of a certain
percent and imposing a compensating use tax under condition of unpaid gross
receipts tax; imposing a sales tax on product exhibition and selling events and
box seats, suites, and sky boxes; expanding the direct satellite service sales
and use tax; exempting football stadium building materials from the sales and
use tax; establishing and providing for the Minnesota stadium authority as a
public body and a state political subdivision, specifying authority powers and
duties, defining Minnesota stadium authority employees as state employees;
allowing a city to issue an on-sale intoxicating liquor license to Minnesota
stadium authority sports facilities; requiring the authority to solicit and
evaluate proposals for stadium location and requiring the authority to provide
staff and compensation, specifying stadium proposal and bid processes; requiring
a state contribution share for each proposal; allowing local share of stadium
construction to include revenue raised from imposition of a local sales tax, a
liquor tax, a lodging tax, an entertainment tax, an admission tax, a food and
beverage tax, and other locally generated taxes; providing special allowances
for certain jurisdictions; specifying criteria and conditions as binding for
contracts; providing an exemption from the metropolitan council review, business
subsidy act; requiring the authority to issue a request for bids to sell naming
rights; authorizing the authority to impose a tax on the taxable net income of
qualified sports organizations employees and specifying the percent; authorizing
municipal grants to the authority for stadium development and to sell revenue
bonds; providing a property tax exemption and subjecting authority property to
special assessments; requiring the city to issue intoxicating liquor licenses;
prohibiting local sales taxes imposition at the stadium site; transferring all
metropolitan sports facilities commission assets and liabilities to the
authority; abolishing the metropolitan sports facilities commission; authorizing
the metropolitan council to sell and issue bonds; authorizing the Minnesota
lottery to conduct a stadium themed game with revenues deposited into the
stadium account; repealing the metropolitan sports facilities
commission

ARTICLE 2 - CONFORMING CHANGES

Making certain conforming
changes
(rt)