Minnesota Alcohol Tax June Accelerated Payment Requirements
Minnesota alcohol suppliers must make a June accelerated payment if their alcohol excise tax liability for July 1, 2014 – June 30, 2015, was at least $250,000. The accelerated payment must be at least 81.4 percent of the actual June liability or May liability.
If the total beverage alcohol tax liability was $250,000 or more during a fiscal year ending June 30, suppliers must accelerate their June liability for the next year. For example, they must accelerate their June 2016 payment if their liability was at least $250,000 from July 1, 2014, to June 30, 2015.
Simplify alcoholic beverage tax compliance in all 50 states with Avior's automated tax compliance software. Learn how it works.