MN SF702

Reduces gambling tax rate from 8.5% to 5.0% on gross receipts from lawful gambling (excluding pull-tabs and tipboards).

Reduces pull-tab and tipboard tax rate from 1.7% to 1.0% on ideal gross of deals sold by distributors.

Increases combined receipts tax thresholds and rates for organizations; raises exemption threshold from $500,000 to $600,000 and adjusts subsequent tax brackets accordingly.

Authorizes linked bingo games on electronic bingo devices with up to 6-12 devices allowed depending on premises seating capacity and primary business type; requires linked bingo game provider to contract with licensed distributors.

Authorizes pull-tab dispensing devices using electronic facsimiles of paper pull-tabs with up to 6-12 devices allowed depending on premises; requires board electronic monitoring capability and prohibits coin/currency insertion (coded data entry only).