1st Engrossment - 91st Legislature (2019 - 2020) Posted on 03/04/2020 04:26pm
Engrossments | ||
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Introduction | Posted on 02/24/2020 | |
1st Engrossment | Posted on 03/04/2020 |
A bill for an act
relating to county agricultural societies; modifying the required use for a portion
of revenues; amending Minnesota Statutes 2019 Supplement, section 38.27,
subdivision 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2019 Supplement, section 38.27, subdivision 4, is amended
to read:
A county agricultural society must
annually determine the amount of sales tax savings attributable to section 297A.70,
subdivision 21. deleted text begin Ifdeleted text end The county agricultural society deleted text begin owns its own fairgrounds, itdeleted text end must use the
amount equal to the sales tax savings to new text begin maintain the fairgrounds ornew text end maintain, improve, or
expand society-owned buildings and facilities on the fairgroundsdeleted text begin ; otherwise it must transfer
this amount to the owner of the fairgrounds. An owner that receives a transfer of money
under this subdivision must use the transferred amount to maintain, improve, and expand
entity owned buildings and facilities on the county fairgroundsdeleted text end .
new text begin
This section is effective beginning July 1, 2020.
new text end