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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 2601 - Modification of estimated tax payment dates for corporations
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Author:
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Senator Roger C. Chamberlain
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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April 1, 2019
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Under current law, corporations are required to make Minnesota estimated tax payments by the third, sixth, ninth, and twelfth months of a tax year if their estimated liability for the tax year exceeds $500 or under rules prescribed by the commissioner for a members of a unitary group filing one return. This bill would extend the due date of the first estimated payment from the third month to the fourth month of a full or short taxable year, matching the timing requirement under federal law. Effective for estimated tax payments required for taxable years beginning in 2020.
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Check on the status of this bill
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Last review or update: 04/01/2019
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