Minnesota SF44 amends sales and use tax laws to adjust vendor remittance requirements and vendor allowance provisions.
Minnesota SF44 amends the state's sales and use tax laws by adjusting the remittance requirements for vendors with different levels of sales tax liability. For vendors with a sales tax liability of $250,000 or more, the bill specifies that 87.5 percent of the estimated June net liability must be remitted two business days before June 30. For vendors with a liability of $10,000 or more but less than $250,000, all net liabilities must be remitted electronically.
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