MN HF81

Reduces the flat rate tax on lawful gambling from 8.5 percent to 4.25 percent of gross receipts less prizes actually paid, effective July 1, 2019.

Replaces the tiered combined net receipts tax structure with a new three-tier system: 4.5 percent on the first $200,000, 9 percent on receipts between $200,000 and $500,000, and 13.5 percent on receipts over $500,000, effective July 1, 2019.

Maintains exemptions for paper pull-tabs, tipboards, electronic linked bingo, sports-themed tipboards, and items specified in section 297E.01.

Continues to exclude paper bingo, raffles, and paddlewheel gross receipts from the combined net receipts tax calculation.