SF172 (Legislative Session 94 (2025-2026))
Small business tax allowance establishment
AI Generated Summary
This bill proposes to amend existing law to provide a small business sales tax allowance. This means that small businesses can keep a portion of the sales tax they collect instead of remitting all of it to the state. The specifics of how much they can retain would be outlined in a new section, referred to here as section 297A.816, which is added to Minnesota Statutes. This change aims to aid small businesses financially by allowing them to retain some of the sales tax they collect from customers.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 15, 2025 | House | Floor | Action | Introduction and first reading | |
| January 15, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 15, 2025 | House | Floor | Action | Referred to | Taxes |
| January 15, 2025 | Senate | Floor | Action | Referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
""
],
"removed": [
""
],
"summary": "This bill relates to sales tax remittance for retailers under section 297A.77, subdivision 3.",
"modified": [
"Clarifies the conditions under which tax collected by retailers must be remitted, except for the amount allowed to be retained under section 297A.816."
]
},
"citation": "297A.77",
"subdivision": "subdivision 3"
}
]