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MN SF2237

Bill

Official Source

Status

Introduced

3/5/2012

Primary Sponsor

Sean Nienow

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Phases out the combined receipts tax on lawful gambling organizations over a six-year period beginning after December 31, 2011
  • Reduces the 1.7 percent tax rate by 0.3 percentage points annually, the 3.4 percent rate by 0.6 percentage points annually, and the 5.1 percent rate by 0.9 percentage points annually until each reaches zero
  • Eliminates the combined receipts tax entirely for fiscal years beginning after June 30, 2017
  • Applies to gross receipts from lawful gambling minus receipts from bingo, raffles, and paddle wheels
  • Takes effect the day following final enactment

Legislative Description

Gambling combined receipts tax phase out

Last Action

Referred to Taxes

3/5/2012

Committee Referrals

Taxes3/5/2012

Full Bill Text

No bill text available