MN SF4587

Repeals the requirement for cigarette and tobacco distributors with $250,000+ annual liability to remit accelerated June tax payments two business days before June 30th.

Eliminates the 84.5% estimated June liability prepayment requirement for calendar year 2022 and thereafter for affected distributors.

Returns all cigarette, tobacco products, and liquor tax returns to standard monthly filing by the 18th of each month with full payment due.

Removes the 10% penalty for underpayment of accelerated June liabilities.

Effective for June 2022 tax liabilities and beyond.