MN HF4871

Eliminates accelerated June tax payment requirements for cigarette distributors, tobacco product distributors, and liquor taxpayers with annual liabilities of $250,000 or more.

Returns all May and June tax liabilities to standard monthly filing schedule with payment due on or before the 18th of each month.

Removes penalties previously imposed when accelerated June payments fell short of required percentages (87.5% in 2021, 84.5% in 2022 and thereafter).

Repeals Minnesota Statutes 2021 Supplement sections 297F.09, subdivision 10 and 297G.09, subdivision 9 that established the accelerated payment system.

Effective beginning with June 2022 tax liabilities.