MN HF3348

Amends Minnesota Statutes section 473J.14 to impose a 50 percent tax on gross receipts from the sale of stadium builder's or seat licenses by the NFL team, effective retroactively for receipts received after December 31, 2013.

Defines stadium builder's or seat license as a legal right guaranteeing or enabling purchase of tickets to a specific section, area, or seat in the stadium, but excludes individual game or event tickets.

Tax applies in addition to any other state or local taxes on the sale and is imposed by authority resolution.

Proceeds from both the existing 10 percent suite rental tax and the new seat license tax must be remitted to the commissioner of management and budget for deposit in the state's general fund to offset state costs of paying bonds issued under section 16A.965.

Effective retroactively for purchases and sales made after December 31, 2013.