1.1.................... moves to amend H.F. No. 3741 as follows:
1.2Page 2, line 13, after "(2)" insert "except as provided in paragraph (f),"
1.3Page 3, after line 20, insert:
1.4"(f) At the start of the first calendar quarter at least 90 days after the cash flow
1.5account established in section 16A.152, subdivision 1, and the budget reserve account
1.6established in section 16A.152, subdivision 1a, reach the amounts listed in section
1.716A.152, subdivision 2, paragraph (a), the remittance of estimated sales tax collections
1.8by the 14th day of a month required under paragraph (a), clause (2), shall be suspended.
1.9The commissioner of management and budget shall notify the commissioner of revenue
1.10when the accounts have reached the required amounts. Beginning with the suspension
1.11of paragraph (a), clause (2), for a vendor with a liability of $120,000 or more during a
1.12fiscal year ending June 30, 2009, and fiscal years thereafter, the taxes imposed by chapter
1.13297A are due and payable to the commissioner on the 20th day of the month following the
1.14month in which the taxable event occurred. Payments of tax liabilities for taxable events
1.15occurring in June under paragraph (c), clause (2), are not changed."