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Of the portion retained by the State of Minnesota, 60% goes towards the general fund and 40% goes towards the environment and natural resources trust fund. [13] The lottery also produces state revenue from a 6.5% in-lieu-of-sales tax on lottery tickets, which is credited to the state's general fund, game and fish fund, and natural resources ...
More than two dozen Minnesota cities and five counties will have local sales tax proposals on their ballots this fall after the Legislature approved a record number of sales tax proposals in 2023 ...
Sales taxes are imposed only on taxable transfers of goods or services. The tax is computed as the tax rate times the taxable transaction value. Rates vary by state, and by locality within a state. [5] Not all types of transfers are taxable. The tax may be imposed on sales to consumers and to businesses.
The sales tax in Minnesota for most items is 6.875% effective July 1, 2009. [28] The state does not charge sales tax on clothing, some services, or food items for home consumption. [29] The state legislature may allow municipalities to institute local sales taxes and special local taxes, such as the 0.5% supplemental sales tax in Minneapolis. [30]
As of 2008 Minnesota was ranked 12th in the nation in per capita total state and local taxes. [126] In 2008 Minnesotans paid 10.2% of their income in state and local taxes; the U.S. average was 9.7%. [126] The state sales tax in Minnesota is 6.875%, but clothing, prescription drug medications and food items for home consumption are exempt. [127]
An aluminum sales tax token from the state of Washington, valued at 2 mills (1 ⁄ 5 cent) and good for the "tax on purchase of 10 cents or less" under the state's 2% retail sales tax law. The twelve states that issued these sales tax tokens were Alabama , Arizona , Colorado , Illinois , Kansas , Louisiana , Mississippi , Missouri , New Mexico ...
University of Minnesota Law School. Profession. lawyer. Karl Harold Phillip LeVander (October 10, 1910 – March 30, 1992) was an American attorney and politician. A Republican, he served as the 32nd governor of Minnesota from January 2, 1967 to January 4, 1971, after defeating incumbent governor Karl Rolvaag in the 1966 election.
The Minnesota Department of Revenue (MNDOR) is an agency of the U.S. state of Minnesota. It manages and enforces the reporting, payment, and receipt of taxes owed to the state, as well as some other fees. [1] As of 2017, the department administered more than 30 taxes totaling almost $21 billion per year. [2]
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