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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 1012 - Modification of Vendor Remittance Schedule (As Introduced)
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Author:
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Senator John Howe
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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March 5, 2012
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Section 1 strikes language requiring accelerated remittance for vendors with annual sales tax collections of at least $120,000 for all payments except the June payment.
Section 2 repeals language relating to the “safe harbor” and penalty provisions that apply to the early remittance requirements eliminated in section 1.
This bill is effective for taxes due and payable after July 1, 2011.
NBP:dv
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Check on the status of this bill
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Last review or update: 03/05/2012
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