MN SF1735

Adds new subdivision 37 to Minnesota Statutes section 297A.67 to exempt sales of ticket purchasing rights for collegiate athletic events in preferred seating areas from sales tax.

Requires that all consideration paid for preferred area purchasing rights be used entirely to support student scholarship costs.

Requires the consideration paid for preferred area purchasing rights to be separately stated from the admission price on the transaction.

Requires the admission price for preferred seating to equal or exceed the highest priced general admission ticket for the closest non-preferred seat.

Effective for sales and purchases made after June 30, 2019.