MN SF3332

Imposes a new 2% gross receipts tax on business-to-business services effective January 1, 2026, covering 18 service categories including legal, accounting, architectural, engineering, computer, management consulting, and various repair and maintenance services

Repeals seven existing sales and use tax exemptions effective July 1, 2025: precious metal bullion, suite licenses for sporting events, collegiate season ticket purchasing rights, ship repair parts for interstate commerce vessels, television commercial production materials, qualified data center equipment, and amenities included with professional sports admission

Removes the sales tax exemption for aircraft repair equipment and parts under Federal Aviation Regulations Parts 91 and 135

Allows service providers to pass the new gross receipts tax to purchasers if separately stated on invoices, and provides credits for similar taxes paid to other states

Deposits all revenues from the new gross receipts tax, including penalties and interest, to the state general fund