Minnesota SF2947 modifies the tax rates and brackets for charitable gambling combined net receipts.
Minnesota SF2947 amends the tax rates and brackets for charitable gambling combined net receipts. The bill adjusts the tax schedule, with rates ranging from 7% to 33.5% based on the amount of combined net receipts. It also exempts gross receipts from sports-themed tipboards from this tax. The changes will take effect on July 1, 2025.
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