MN HF3020

Increases sales and use tax filing requirement thresholds from $500 to $1,000 per month for quarterly filing authorization and from $1,500 to $3,000 for maintaining quarterly filing status.

Creates a new vendor allowance allowing retailers and sellers to retain 3.0 percent of eligible sales taxes collected (up to a maximum of $90 per reporting period, with a minimum of $10) to compensate for collection and administration costs.

Redefines "net liability" in sales tax payment calculations to mean total liability minus the vendor allowance amount authorized under the new section 297A.816.

Requires the Department of Revenue to develop and maintain a free, electronically accessible address and five-digit zip code lookup table for local sales tax collection that meets Streamlined Sales and Use Tax Agreement requirements, with the table accessible to sellers by January 1, 2014.

All provisions regarding filing thresholds, vendor allowance, and tax payment calculations are effective for sales and purchases made after June 30, 2012.