MN SF2931

Changes lawful gambling tax rate from 8.5 percent to 5 percent on gross receipts less prizes actually paid, effective July 1, 2023.

Repeals the combined net receipts tax (subdivision 6 of section 297E.02), which previously imposed progressive tax rates ranging from 9 to 36 percent on combined net receipts based on income thresholds.

Maintains existing exemptions for paper or electronic pull-tab deals or games, tipboard deals or games, and electronic linked bingo.

Tax remains payable by the organization or party conducting the gambling and remains in lieu of sales tax and local taxes and license fees, with limited exceptions.