MN HF4668

Repeals Minnesota Statutes section 297A.994, subdivisions 1-4, which previously allocated Minneapolis sales tax revenues between the city and state for stadium financing.

Modifies Minneapolis local sales tax authority under Laws 1986, chapter 396 to extend the tax authorization termination date to January 1, 2047, or when project costs plus bond issuance costs are paid, whichever is earlier.

Removes Minneapolis tax revenue deposits to the state general fund for state bond debt service, capital improvements, and operating expenses for the Minnesota Sports Facilities Authority, shifting responsibility to other funding sources.

Amends stadium funding provisions under Minnesota Statutes section 473J.13 to eliminate language referencing Minneapolis withheld taxes and adjust state payment obligations for stadium operating expenses and capital improvements.

Changes the backup revenue mechanism under section 16A.727 by removing reference to Minneapolis withheld taxes as available resources for determining if additional revenue options like sports lottery or suite taxes are needed.