as introduced - 93rd Legislature (2023 - 2024) Posted on 04/02/2024 11:52am
A bill for an act
relating to consumer protection; requiring certain publicly funded stadiums to
accept cash payments for goods and services; proposing coding for new law in
Minnesota Statutes, chapter 325F.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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(a) For purposes of this section, the following terms have
the meanings given.
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(b) "Cash" means the physical form of United States currency, whether paper money or
coins.
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(c) "Preferential tax treatment" means:
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(1) a property tax exemption, abatement, credit, or other benefit, including a tax increment
financing district;
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(2) a sales tax exemption for (i) construction materials used to construct a facility, (ii)
vendors operating at the facility, or (iii) individuals attending events at the facility; or
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(3) any other tax law that specifically reduces the tax liability (i) of or at a sports facility,
or (ii) for a taxpayer that owns the sports facility.
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(d) "Publicly funded sports facility" means a sports facility that has seating capacity for
10,000 or more individuals and that received financial support from the state, county, or
city, including but not limited to:
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(1) preferential tax treatment; or
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(2) a state, county, or city appropriation, grant, or loan that pays for all or a portion of
constructing, maintaining, improving, or operating the sports facility.
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Payment
in cash must be accepted for all sales of goods and services, including but not limited to
sales for admission, parking, concessions, and merchandise, made at a publicly funded
sports facility to persons attending events at the facility.
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The attorney general may bring an action under section 8.31 against
any person who violates this section.
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This section is effective July 1, 2024.
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