Minnesota bill SF3332 repeals certain sales and use tax exemptions and imposes a gross receipts tax on various business-to-business services.

Minnesota bill SF3332 repeals various sales and use tax exemptions, including those for precious metal bullion, certain building materials, and equipment for specific projects. It imposes a gross receipts tax of two percent on various business-to-business services, such as legal, accounting, architectural, and engineering services. The bill also includes provisions for tax credits, refunds, and administrative procedures. Effective July 1, 2025.

Minnesota bill SF3332 repeals certain sales and use tax exemptions and imposes a gross receipts tax on various business-to-business services.

Minnesota bill SF3332 repeals various sales and use tax exemptions, including those for precious metal bullion, certain building materials, and equipment for specific projects. It imposes a gross receipts tax of two percent on various business-to-business services, such as legal, accounting, architectural, and engineering services. The bill also includes provisions for tax credits, refunds, and administrative procedures. Effective July 1, 2025.