Establishes a sports and events reimbursement program in Minnesota to fund high-profile events.

The bill establishes a sports and events reimbursement program in Minnesota to fund high-profile events. It outlines the distribution of tax revenues from these events to various funds, including the general fund, natural resources fund, and highway user tax distribution fund. The program requires local organizing committees to submit applications and financial statements to the commissioner of revenue. The commissioner must then disburse the incremental increase in tax revenues to the local organizing committee.

Establishes a sports and events reimbursement program in Minnesota to fund high-profile events.

The bill establishes a sports and events reimbursement program in Minnesota to fund high-profile events. It outlines the distribution of tax revenues from these events to various funds, including the general fund, natural resources fund, and highway user tax distribution fund. The program requires local organizing committees to submit applications and financial statements to the commissioner of revenue. The commissioner must then disburse the incremental increase in tax revenues to the local organizing committee.