By Anonymous (not verified), 4 September, 2025

Creates an excise tax up to 25% on an applicable educational institution’s asset growth for institution’s with total assets of $100 million or more with at least 500 tuition-paying students with mor than 50% of them located in Minnesota; provides exceptions to what constitutes assets; establishes the Higher Education Assets Growth Account with the excise tax revenues for the Minnesota State Grant program to provide financial assistance to students from low and middle income families.

State Name
Minnesota
Bill #
S.F.3194
Status
Adjourned; Not Enacted
Category
1. Taxes and Fees
Subcategory
Fees & PILOTS
Status Text
Introduced or Prefiled
Year Proposed
2025
State Taxonomy
Bill Page
https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3194&ssn=0&y=2025