SF 11

as introduced - 91st Legislature, 2020 7th Special Session (2020 - 2020) Posted on 12/15/2020 07:50am

A bill for an act
relating to taxation; income and corporate franchise; providing for delayed
remittance of certain estimated payments.

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

Section 1. new text begin TEMPORARY SUSPENSION OF CERTAIN ESTIMATED TAX
PAYMENTS.
new text end

new text begin (a) Notwithstanding Minnesota Statutes, sections 289A.25 and 289A.26, a qualifying
taxpayer may submit installments of estimated payments as provided in this section. For
purposes of this section, a "qualifying taxpayer" means a business that is a place of public
accommodation closed to ingress, egress, use, and occupation by the public under governor's
Executive Order 20-99, that is classified under one of the following codes in the North
American Industry Classification System:
new text end

new text begin (1) 31212;
new text end

new text begin (2) 31213;
new text end

new text begin (3) 31214;
new text end

new text begin (4) 71394;
new text end

new text begin (5) 71395;
new text end

new text begin (6) 7223;
new text end

new text begin (7) 7224; and
new text end

new text begin (8) 7225.
new text end

new text begin (b) The January 15, 2021, installment of estimated tax payments for taxable year 2020
due under Minnesota Statutes, section 289A.25, subdivision 3, paragraph (b), may be
submitted with the April 15, 2021, installment of estimated tax payments for taxable year
2021.
new text end

new text begin (c) Installments of estimated tax payments for taxable year 2020 due under Minnesota
Statutes, section 289A.26, subdivision 2, may be submitted as follows:
new text end

new text begin (1) the installment due December 15, 2020, may be included with the March 15, 2021,
installment; and
new text end

new text begin (2) the installment due January 15, 2021, may be included with the April 15, 2021,
installment.
new text end

new text begin (d) The provisions of Minnesota Statutes, section 289A.25, subdivision 2, do not apply
in the case of installment payments made under paragraph (b). The provisions of Minnesota
Statutes, section 289A.26, subdivision 4, do not apply in the case of installment payments
made under paragraph (c).
new text end

new text begin (e) This section does not limit the commissioner of revenue's authority to abate, reduce,
or refund any penalty or interest under Minnesota Statutes, section 270C.34, or any other
law.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment provided
that: paragraph (b) is effective for the January 15, 2021, installment for taxable year 2020
only; and paragraph (c) is effective for the installments due December 15, 2020, and January
15, 2021, for taxable year 2020 only."
new text end