Sales and use tax; vendor allowance provided.

HF 2062 modifies Minnesota's sales tax payment rules for retailers. It requires large retailers (with $250,000+ annual tax liability) to pay 84.5% of estimated June tax by June 30 and the remainder by August 20, while smaller retailers pay monthly. The bill also creates a "vendor allowance," allowing retailers to retain a portion of collected sales tax (at least $10 or 1% of eligible taxes) to offset collection costs, provided taxes are reported and paid on time. This directly affects most Minnesota retailers, particularly construction material sellers (defined in the bill), and takes effect for sales after June 30, 2025.