MN HF2207

Reduces combined net receipts tax rates on lawful gambling organizations, lowering the top marginal rate from 36% to 32% and adjusting base tax amounts across all income brackets, effective for games reported after June 30, 2021.

Exempts sports-themed tipboards from combined net receipts taxation, where winning numbers are determined by professional sporting event outcomes.

Increases minimum lawful purpose expenditure thresholds for gambling organizations, raising five-star rating requirement from 50% to 70% of gross profits and adjusting other rating tiers proportionally, effective July 1, 2021.

Raises maximum civil penalty the Gambling Control Board may impose for minimum expenditure violations from $1,000 to $10,000, effective July 1, 2021.

Modifies stadium reserve baseline calculation by replacing February 2012 forecast reference with blank baseline amounts for fiscal years 2022-2024 and thereafter, effective upon enactment.