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FOR IMMEDIATE RELEASE
July 2, 2012
Contact: Lisa Erickson
Minneapolis Business Loses Sales Tax Permit
ST. PAUL, Minn – The Minnesota Department of Revenue recently revoked the sales tax permit of Drink Inc., doing business as Drink, for failing to pay sales tax to the state. According to the department, the business owes the state more than $126,000.
The department claims the restaurant and bar, located at 510 First Avenue North in Minneapolis, failed to pay sales taxes between March 2003 and January 2007.
Minnesota sales tax is a “trust tax.” Customers pay sales tax with the expectation that the businesses will send them to the state on their behalf. Sales tax cannot be used by a business as additional operating capital or for any other purpose.
If a person or company makes retail sales in Minnesota after their sales tax permit is revoked, it is considered a felony under Minnesota law.
Businesses can find information on paying sales tax at: http://www.revenue.state.mn.us/businesses/sut/Pages/File-and-Pay.aspx