as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to taxes; use tax; expanding the de minimis 1.3 exemption for the use tax; amending Minnesota Statutes 1.4 1996, section 297A.14, subdivision 4. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 1996, section 297A.14, 1.7 subdivision 4, is amended to read: 1.8 Subd. 4. [DE MINIMIS EXEMPTION.] Purchases subject to use 1.9 tax under this section are exempt if(1) the purchase is made by1.10an individual for personal use, and (2)the total amount of 1.11 purchases made by a person, that are subject to the use tax, do 1.12 not exceed $770 in the calendar year.For purposes of this1.13subdivision, "personal use" includes purchases for gifts.Ifan1.14individuala person makes purchases, which are subject to use 1.15 tax, of more than $770 in the calendar yearthe individualthey 1.16 must pay the use tax on the entire amount. 1.17 Sec. 2. [EFFECTIVE DATE.] 1.18 Section 1 is effective for purchases made after December 1.19 31, 1997.