Minnesota Administrative Rules
Agency 181 - Revenue Department
Chapter 8093 - ESTIMATED TAX
Part 8093.0400 - SHORT TAXABLE YEAR
Current through Register Vol. 48, No. 39, March 25, 2024
Subpart 1. [Repealed, 27 SR 1664]
Subp. 2. [Repealed, 27 SR 1664]
Subp. 3. Short taxable years of individuals; requirement of declaration.
No estimated payments are required if the short taxable year is:
Subp. 4. Short taxable year; income placed on annual basis.
For the purpose of determining whether the anticipated income for a short taxable year necessitates the payment of estimated tax, such income must be placed on an annual basis in the manner prescribed in Minnesota Statutes, section 290.32.
Subp. 5. [Repealed, 27 SR 1664]
Subp. 6. [Repealed, 27 SR 1664]
Subp. 7. Payment of estimated tax.
Payment dates for a taxpayer with a short tax year are the same as those found in Minnesota Statutes, section 289A.25, subdivision 3. The applicable percentages of annual estimated tax that must be paid on each date are:
Number of required payments | Applicable percentage due each payment |
three required payments | 33-1/3 |
two required payments | 50 |
one required payment | 100 |
Statutory Authority: MS s 270.06; 270C.06; 290.52