MN SF937

Reduces the combined net receipts tax rate on charitable gambling organizations at all income brackets: from 8% to 7% (lowest bracket), 17% to 15%, 25% to 22%, and 33.5% to 30% (highest bracket)

Lowers the base tax amounts at each bracket threshold: $7,000 to $6,125; $12,950 to $11,375; and $21,700 to $19,075

Combined net receipts are calculated as gross lawful gambling receipts minus receipts from paper bingo, raffles, and paddlewheels, and minus net prizes paid (excluding those game types)

Sports-themed tipboards where winning numbers are determined by professional sporting event outcomes remain exempt from the combined net receipts tax

Effective date: July 1, 2025