SF 2969

as introduced - 88th Legislature (2013 - 2014) Posted on 04/23/2014 08:53am

A bill for an act
relating to stadium financing; imposing a tax on seat licenses at the NFL football
stadium; amending Minnesota Statutes 2013 Supplement, section 473J.14.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2013 Supplement, section 473J.14, is amended to read:

473J.14 SUITES deleted text begin TAX deleted text end new text begin AND SEAT LICENSE TAXES new text end .

(a) Upon notification by the commissioner of management and budget under section
16A.727, the authority shall by resolution impose and maintain a ten percent tax on the
gross receipts received for the rental of suites, sky boxes, and similar in the NFL stadium.

(b) The tax new text begin under paragraph (a) new text end must be imposed in the years specified by the
commissioner of management and budget. The suites rental tax under paragraph (a)
applies to the gross receipts, as defined under section 297A.61, received by the seller,
as defined in section 297A.61, and is a debt owed by the seller to the authority. A tax
imposed under this section is recoverable at law by the authority from the seller in the
same manner as other debts. Every person granting, selling, or renting suites, sky boxes,
or similar may be required, as provided in resolutions of the authority, to secure a permit,
to file returns, to deposit security for the payment of the tax, and to pay the penalties for
nonpayment and interest on late payments, as the authority deems necessary or expedient
to assure the prompt and uniform collection of the tax.

(c) new text begin The authority shall, by resolution, impose a tax equal to 50 percent of the gross
receipts received by the NFL team for the sale of stadium builder's or seat licenses in the
stadium, effective retroactively for gross receipts received after December 31, 2013. For
purposes of this section, a stadium builder's or seat license means a legal or other right that
guarantees or enables its owner or holder to purchase one or more tickets for admission
to a specific section or area of or a specific seat or seats in the stadium or as otherwise
defined by the commission in its resolution, but does not apply to tickets purchased for
admission to individual games or events in the stadium under the stadium builder's or seat
license. The tax imposed under this paragraph is in addition to any other state or local tax
that otherwise applies to the sale.
new text end

new text begin (d) new text end The authority shall remit the proceeds of a tax imposed under this section to the
commissioner of management and budget for deposit in the state's general fund new text begin to offset
the state's cost of paying bonds issued under section 16A.965 new text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively for purchases and sales
made after December 31, 2013.
new text end