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The current state sales tax rate is 6.875 percent. Counties and municipalities also have their own sales taxes. Find out what's happening in Saint Paul with free, real-time updates from Patch.
For corporations that do business in more than one state, the rate is applied to income that is apportioned to Minnesota based on the in-state percentage of sales.
Alcohol is taxed at an additional 2.5% gross receipts tax rate above the statewide 6.875% sales tax rate, for a total rate of 9.375%, not including any applicable local taxes. This totals 10.375% in Duluth, 10.275% in Minneapolis, 10.125% in Saint Paul, and 9.875% in Rochester.
The state sales tax in Minnesota is 6.875%, but clothing, prescription drug medications and food items for home consumption are exempt. 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.
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption ...
Under the transportation bill is a requirement that the Metropolitan Council impose a 0.75 percent sales tax on retail purchases in the seven counties of the Twin Cities metro area. The...
To determine the sales tax rate, divide the total sales tax paid by the product price. In this case, Michael would divide $5 by $0.30 to get 0.06, which means he paid a 6% sales tax. Final Take
More Twin Cities suburbs will be asking voters to enact a local sales tax after winning permission from Minnesota legislators to pursue the extra funding for city projects.
State Tax Burdens 2022. % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
The additional .25% sales tax increase in the seven-county metro area is projected to raise an estimated $300 million in the first two years. Half of the proceeds would go to metro-area counties ...