UNIVERSITY OF MINNESOTA

March 14th, 2019 | by CollegeAD
UNIVERSITY OF MINNESOTA
0

Season tickets to marquee University of Minnesota sporting events come with the expectation of a donation to a school-run scholarship program. Now, the state is planning to take a cut, too — unless the university and its boosters can convince lawmakers to step in. The move is prompted by a decision by the Minnesota Department of Revenue to count memberships, licenses and other required donations associated with athletic events as part of the admission price. The charges can run into the hundreds or thousands per seat per year, depending on the sport and the location of seats in the venue. Under a notice issued in December, all those add-on costs — even if collected separately — would be taxable. The university says it diverts the ticket-related assessments to an athletic scholarship program. The more recent Minnesota sales tax notice applies similarly to add-ons at theaters and performance halls. But because of a special exemption, the license fees people pay for the right to buy Minnesota Vikings season tickets aren’t hit with the tax. – Brian Bakst, mprnews – Read More

About CollegeAD
Have a tip, job posting, or press release for CollegeAD? Email us at [email protected], or direct message @collegead. Sources always remain anonymous.

Comments are closed.

The nightcap
A Briefing Of The Day's College Athletics News
To Your Inbox Tonight.

* indicates required