Minnesota HF2973 increases the state sales tax rate and dedicates revenue to local government aid distributions.

Minnesota HF2973 raises the state sales tax rate to 7% and allocates revenue for local government aid distributions. The bill specifies how tax revenue from various sales will be deposited and distributed. For example, 25% of the revenue from certain sales goes to the volunteer fire assistance grant account, and 25% to the fire safety account. The bill also sets an expiration date for certain local sales tax laws. Effective for sales and purchases made after September 30, 2025.

Minnesota HF2973 increases the state sales tax rate and dedicates revenue to local government aid distributions.

Minnesota HF2973 raises the state sales tax rate to 7% and allocates revenue for local government aid distributions. The bill specifies how tax revenue from various sales will be deposited and distributed. For example, 25% of the revenue from certain sales goes to the volunteer fire assistance grant account, and 25% to the fire safety account. The bill also sets an expiration date for certain local sales tax laws. Effective for sales and purchases made after September 30, 2025.