as introduced - 92nd Legislature (2021 - 2022) Posted on 04/14/2021 09:01am
A bill for an act
relating to taxation; sales and use; providing an exemption for certain ticket
purchasing rights; amending Minnesota Statutes 2020, section 297A.67, by adding
a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2020, section 297A.67, is amended by adding a subdivision
to read:
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The sale of a right to
purchase the privilege of admission to a college or university athletic event in a preferred
viewing location for a season of a particular athletic event is exempt if:
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(1) the consideration paid for the right to purchase is used entirely to support student
scholarship, wellness, and academic costs;
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(2) the consideration paid for the right to purchase is separately stated from the admission
price; and
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(3) the admission price is equal to or greater than the highest priced general admission
ticket for the closest seat not in the preferred viewing location.
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This section is effective for sales and purchases made after June
30, 2021.
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