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Minnesota Legislature

Office of the Revisor of Statutes

SF 2055

as introduced - 91st Legislature (2019 - 2020) Posted on 03/07/2019 03:50pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to taxation; sales and use; providing for a vendor allowance; amending
Minnesota Statutes 2018, section 297A.77, subdivision 3; proposing coding for
new law in Minnesota Statutes, chapter 297A.

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

Section 1.

Minnesota Statutes 2018, section 297A.77, subdivision 3, is amended to read:


Subd. 3.

Tax must be remitted.

The tax collected by a retailer under this sectionnew text begin, except
for the amount allowed to be retained by the seller under section 297A.816,
new text end must be remitted
to the commissioner as provided in chapter 289A and this chapter.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales taxes remitted after June 30,
2019.
new text end

Sec. 2.

new text begin [297A.816] VENDOR ALLOWANCE.
new text end

new text begin Subdivision 1. new text end

new text begin Eligibility. new text end

new text begin A retailer may retain a portion of sales tax collected as a
vendor allowance in compensation for the costs of collecting and administering the tax
under this chapter. This section applies only if the tax minus the vendor allowance is both
reported and remitted to the commissioner in a timely fashion as required under chapter
289A.
new text end

new text begin Subd. 2. new text end

new text begin Tax not eligible for allowance. new text end

new text begin Use taxes paid by the retailer on the retailer's
own purchases and local sales and use taxes collected by the retailer are not included in
calculating the vendor allowance under this section.
new text end

new text begin Subd. 3. new text end

new text begin Calculation of allowance; maximum amounts. new text end

new text begin The amount of the vendor
allowance is equal to the sum of one-quarter of one percent of the tax collected in the
reporting period, up to $250. The vendor allowance must not reduce the tax owed in the
reporting period to less than zero.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales taxes remitted after June 30,
2019.
new text end