Minnesota SF1941 proposes a flat rate tax on lawful gambling, replacing the existing combined net receipts tax.

Minnesota SF1941 introduces a flat rate tax on all lawful gambling, excluding specific games and items, at a rate of 8.5%. This tax replaces the previous combined net receipts tax. The new tax is payable by the organization conducting the gambling. Exemptions include sports-themed tipboards. The bill also repeals the existing combined net receipts tax. Effective July 1, 2025.

Minnesota SF1941 proposes a flat rate tax on lawful gambling, replacing the existing combined net receipts tax.

Minnesota SF1941 introduces a flat rate tax on all lawful gambling, excluding specific games and items, at a rate of 8.5%. This tax replaces the previous combined net receipts tax. The new tax is payable by the organization conducting the gambling. Exemptions include sports-themed tipboards. The bill also repeals the existing combined net receipts tax. Effective July 1, 2025.