2001 Minnesota Statutes

     295.60 Special fur clothing tax. 

    Subdivision 1.    Imposition.  If clothing made of fur 
 is not subject to the sales tax under chapter 297A, a tax is 
 imposed on each furrier equal to 6.5 percent of gross revenues 
 from retail sales in Minnesota of clothing made from fur. 

    Subd. 2.    Definitions.  (a) For purposes of this 
 section, the following terms have the meanings given. 

    (b) "Commissioner" means the commissioner of revenue. 

    (c) "Furrier" means a retailer that sells clothing made of 
 fur. 

    (d) "Clothing made of fur" means articles of clothing made 
 of fur on the hide or pelt, and articles of clothing of which 
 such fur is the component material of chief value, but only if 
 such value is more than three times the value of the next most 
 valuable material.  

    (e) "Retail sale" has the meaning given in section 297A.61, 
 subdivision 4. 

    Subd. 3.    Payment.  (a) Each furrier shall make 
 estimated payments of the taxes for the calendar year in 
 quarterly installments to the commissioner by April 15, July 15, 
 October 15, and January 15 of the following calendar year. 

    (b) Estimated tax payments are not required if: 

    (1) the tax for the current calendar year is less than 
 $500; or 

    (2) the tax for the previous calendar year is less than 
 $500, if the taxpayer had a tax liability and was doing business 
 the entire year. 

    (c) Underpayment of estimated installments bear interest at 
 the rate specified in section 270.75, from the due date of the 
 payment until paid or until the due date of the annual return, 
 whichever comes first.  An underpayment of an estimated 
 installment is the difference between the amount paid and the 
 lesser of (1) 90 percent of one-quarter of the tax for the 
 calendar year, or (2) one-quarter of the total tax for the 
 previous calendar year if the taxpayer had a tax liability and 
 was doing business the entire year. 

    Subd. 4.    Electronic funds transfer payments.  A 
 taxpayer with an aggregate tax liability of $120,000 or more 
 during a fiscal year ending June 30 must remit all liabilities 
 by electronic means. 

    Subd. 5.    Annual return.  The taxpayer must file an 
 annual return reconciling the estimated payments by March 15 of 
 the following calendar year. 

    Subd. 6.    Form of returns.  The estimated payments and 
 annual return must contain the information and be in the form 
 prescribed by the commissioner. 

    Subd. 7.    Application of other chapters.  Unless 
 specifically provided otherwise by this section, the 
 enforcement, interest, and penalty provisions under chapter 294, 
 appeal provisions in sections 289A.43 and 289A.65, criminal 
 penalties in section 289A.63, refunds provisions in section 
 289A.50, and collection and rulemaking provisions under chapter 
 270, apply to a liability for the taxes imposed under this 
 section. 

    Subd. 8.    Interest on overpayments.  Interest must be 
 paid on an overpayment refunded or credited to the taxpayer from 
 the date of payment of the tax until the date the refund is paid 
 or credited.  For purposes of this subdivision, the date of 
 payment is the due date of the return or the date of actual 
 payment of the tax, whichever is later. 

    Subd. 9.    Deposit of revenues.  The commissioner shall 
 deposit all revenues, including penalties and interest, derived 
 from the tax imposed by this section in the general fund. 

    HIST: 1Sp2001 c 5 art 12 s 4