297I.35 Payment of tax.
Subdivision 1. General rule. All taxes and surcharges imposed under this chapter must be paid to the commissioner by the date that the return must be filed under section 297I.30.
Subd. 2. Electronic funds transfer. If the aggregate amount of tax and surcharges due under this chapter during a calendar year is equal to or exceeds $120,000, or if the taxpayer is required to make payment of any other tax to the commissioner by means of electronic funds transfer as defined in section 336.4A-104, paragraph (a), then all tax and surcharge payments in the subsequent calendar year must be paid by means of a funds transfer as defined in section 336.4A-104, paragraph (a). The funds transfer payment date, as defined in section 336.4A-104, must be on or before the date the payment is due. If the date the payment is due is not a funds transfer business day, as defined in section 336.4A-105, paragraph (a), clause (4), the payment date must be on or before the funds transfer business day next following the date the payment is due.
HIST: 2000 c 394 art 1 s 8
Official Publication of the State of Minnesota
Revisor of Statutes