HF 4169

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to sales and excise taxes; repealing June accelerated payments; amending
Minnesota Statutes 2005 Supplement, section 289A.20, subdivision 4; repealing
Minnesota Statutes 2004, sections 289A.60, subdivision 15; 297F.09, subdivision
10; 297G.09, subdivision 9.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2005 Supplement, section 289A.20, subdivision 4,
is amended to read:

Subd. 4.

Sales and use tax.

(a) The taxes imposed by chapter 297A are due and
payable to the commissioner monthly on or before the 20th day of the month following the
month in which the taxable event occurred, or following another reporting period as the
commissioner prescribes or as allowed under section 289A.18, subdivision 4, paragraph
(f) or (g), except that use taxes due on an annual use tax return as provided under section
289A.11, subdivision 1, are payable by April 15 following the close of the calendar year.

deleted text begin (b) A vendor having a liability of $120,000 or more during a fiscal year ending June
30 must remit the June liability for the next year in the following manner:
deleted text end

deleted text begin (1) Two business days before June 30 of the year, the vendor must remit 85 percent
of the estimated June liability to the commissioner.
deleted text end

deleted text begin (2) On or before August 20 of the year, the vendor must pay any additional amount
of tax not remitted in June.
deleted text end

deleted text begin (c) deleted text end new text begin (b) new text end A vendor having a liability of:

(1) $20,000 or more in the fiscal year ending June 30, 2005; or

(2) $10,000 or more in the fiscal year ending June 30, 2006, and fiscal years
thereafter,

must remit all liabilities on returns due for periods beginning in the subsequent calendar
year by electronic means on or before the 20th day of the month following the month in
which the taxable event occurred, or on or before the 20th day of the month following the
month in which the sale is reported under section 289A.18, subdivision 4 deleted text begin , except for 85
percent of the estimated June liability, which is due two business days before June 30. The
remaining amount of the June liability is due on August 20 deleted text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes collected in June 2007
and thereafter.
new text end

Sec. 2. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2004, sections 289A.60, subdivision 15; 297F.09, subdivision
10; and 297G.09, subdivision 9, new text end new text begin are repealed.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes collected in June 2007
and thereafter.
new text end