MN SF3333

Changes University of Minnesota monthly payment date from the 21st to the 25th day of each month, with adjustment to first business day if the 25th falls on a weekend.

Modifies state property tax settlement dates for county treasurers, replacing specific dates (January 25, June 28, December 2) with settlement dates used for school district taxes.

Establishes accelerated sales tax payment schedule for vendors with $120,000+ annual liability, requiring 90 percent payment by the 14th of the following month and final payment by the 20th, beginning June 30, 2009.

Changes August payment deadline for June sales tax liability from August 20 to August 14 for high-volume vendors.

Imposes 10 percent penalty on sales tax underpayments when vendors fail to remit 90 percent of estimated liability by the 14th of the month following the taxable event, effective September 1, 2010.