Minnesota Senate Tax Committee Holds Hearing on SF2374; the Omnibus Tax Bill
This week, the Senate Tax Committee held a hearing on SF 2374; the omnibus tax bill (see bill summary here).
The bill includes language on conducting a study on sports betting, requiring members of the legislative committees with jurisdiction over taxes, finance, and human services to consult with representatives from named entities to study, evaluate, provide recommendations, and issue a report on the legalization of sports betting, fantasy sports, or both. The report may include any other information deemed relevant and must be submitted to the chairs and ranking members of the legislative committees with jurisdiction over taxes, finance, and human services by March 15, 2026.
The final version of the omnibus tax bill will be negotiated in a conference committee next week. Time is running short on session in Minnesota as the Legislature is currently scheduled to adjourn on 05/19/25.