Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Tom Bottern
Director
   Senate   
State of Minnesota
 
 
 
 
 
S.F. No. 379 - June Accelerated Remittance Repeal (as proposed to be amended by the A-1 amendment)
 
Author: Senator Jerry Relph
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: February 6, 2017



 

Under current law, vendors, distributors, wholesalers, manufacturers, or brewers with sales tax liabilities of $250,000 or more during a fiscal year ending on June 30 must file returns and remit their estimated tax liabilities for the next year on an accelerated basis. This bill repeals that requirement. As proposed to be amended, the bill is effective beginning with June 2018 liabilities.    

Section

Provision

1

Strikes the return filing requirement for general sales taxes for June accelerated filers.
 

2

Strikes the June accelerated remittance requirement for general sales taxes.
 

3

Strikes the penalty provision for failure to remit the June accelerated payment electronically.
 

4

Strikes the early return filing requirement for cigarette distributors. 
 

5

Strikes the early return filing requirement for tobacco products distributors.
 

6

Strikes the early remittance requirement of the cigarette sales tax.
 

 7

Repeals the civil penalties provision for underpayment of June accelerated sales tax liability. Repeals the accelerated payment provisions for cigarette or tobacco products distributors, and for manufacturers, wholesalers, and brewers of alcoholic beverages.
 

 
 
Check on the status of this bill
 
Back to Senate Counsel and Research Bill Summaries page
 

 
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
 
Last review or update: 02/06/2017
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn