SF172

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	Senate	Floor	Action	Introduction and first reading
January 15, 2025	Senate	Floor	Action	Referred to	Taxes

Citations

[
  {
    "analysis": {
      "added": [
        "Introduces allowances for small business sales tax retention."
      ],
      "removed": [
        "N/A"
      ],
      "summary": "This bill modifies provisions related to the remittance of sales tax by retailers under section 297A.77.",
      "modified": [
        "Clarifies the process for tax remittance to the commissioner."
      ]
    },
    "citation": "297A.77"
  },
  {
    "analysis": {
      "added": [
        "Allowance for retailers to retain a portion of collected sales tax."
      ],
      "removed": [
        "N/A"
      ],
      "summary": "This section references allowances for the retention of sales tax by retailers.",
      "modified": [
        "N/A"
      ]
    },
    "citation": "297A.816"
  },
  {
    "analysis": {
      "added": [
        "N/A"
      ],
      "removed": [
        "N/A"
      ],
      "summary": "This chapter outlines general tax administration procedures applicable to the updated section.",
      "modified": [
        "Clarifies references to tax remittance procedures."
      ]
    },
    "citation": "289A"
  }
]