MN SF3130

Reduces the lowest tax bracket rate on lawful gambling combined net receipts from 8% to 3% and raises the threshold from $87,500 to $100,000

Lowers the second bracket rate from 17% to 10% for receipts between $100,000 and $200,000 (previously $87,500-$122,500)

Decreases the third bracket rate from 25% to 18% for receipts between $200,000 and $300,000 (previously $122,500-$157,500)

Reduces the top bracket rate from 33.5% to 26% for combined net receipts over $300,000 (previously over $157,500)

Effective date is July 1, 2025