Minnesota Department of Revenue: Minneapolis Business Loses Sales Tax Permit
Minnesota Department of Revenue: Minneapolis Business Loses Sales Tax Permit
ST. PAUL, Minn., Sept. 21 The Minnesota Department of Revenue recently revoked the sales tax permit of a Minneapolis business. The department revoked the permit for failing to pay state sales tax. RenMark, Inc., doing business as Feist Blanchard Automotive Warehouse, 1207 Second Ave. N., is an automotive parts warehouse. The department alleges this business owes the state $32,000 in sales tax, penalty and interest. According to revenue officials, RenMark, Inc. entered into a payment agreement with the state; however, the agreement was breached when monthly payments were not made. Minnesota sales tax is a "trust tax." Customers who pay sales tax trust and expect businesses to send it to the state on their behalf. It must not be used by a business as additional operating capital or for any other purpose. If a person or company makes taxable retail sales in Minnesota after revocation of a Minnesota sales tax permit, the action is considered a felony under Minnesota law.
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