MN SF75

Eliminates accelerated payment requirements for vendors with $120,000 or more in annual sales tax liability, reverting to standard monthly payments due on the 20th of the following month.

Removes the complex two-tier payment system that required large vendors to make prepayments on the 20th of the current month (67% of prior month's liability) and accelerated payments by the 14th of the following month (90% of current month's liability).

Maintains the June liability special provision requiring vendors with $120,000+ liability to remit 90 percent of estimated June liability two business days before June 30, with remaining amount due by August 20.

Preserves electronic payment requirements for vendors with $10,000 or more in annual liability, with religious exemption allowing mail payments if properly notified and postmarked at least two business days before the due date.

Repeals the conditional suspension mechanism that would have suspended accelerated payments when state cash flow and budget reserve accounts reached specified funding levels.