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<br />Accounts registered for state sales and use tax who have a ZIP Code in the Elk River tax jurisdiction will <br />be registered for the Elk River taxes by the department. We will mail an informational notice of <br />registration to these businesses. <br /> <br />Outreach and education <br />The department will register and notify all vendors that are currently registered for state sales and use <br />tax and the general public about the Elk River taxes ĬǤ ƦƚƭƷźƓŭ ğ ƓƚƷźĭĻ ƚƓ ƷŷĻ ķĻƦğƩƷƒĻƓƷ͸ƭ ǞĻĬƭźƷĻ <br />(www.revenue.state.mn.us). Other notifications will be made at the time of registration, through the <br />ķĻƦğƩƷƒĻƓƷ͸ƭ ǞĻĬƭźƷĻ͵ <br /> <br />Elk River acknowledges that there is no cost-effective way to identify specific vendors located outside <br />the Elk River taxing jurisdiction who are required to be registered for Elk River taxes. Identification of <br />these vendors will be voluntary by vendor response to general notifications by the department and <br />through other contacts that the vendor has with the department or the Streamlined Sales Tax Governing <br />.ƚğƩķ͸ƭ Λ{{D.Μ ĭĻƓƷƩğƌ ƩĻŭźƭƷƩğƷźƚƓ ƭǤƭƷĻƒ͵ <br /> <br />Publicity <br />If Elk River maintains an official website, it will display (on its main web page) a link to a notice that <br />residents and businesses may reference for more information about the local taxes. Elk River will <br />briefly describe the taxes and providĻ ğ ƌźƓƉ Ʒƚ ƷŷĻ ķĻƦğƩƷƒĻƓƷ͸ƭ ǞĻĬƭźƷĻ <br />(www.revenue.state.mn.us). Also state in the description that local use taxes on purchases of goods <br />and services made outside of the political subdivision that are used in the political subdivision, <br />are subject to local use taxes. <br /> <br />Local governments that bill residents and businesses for utilities must include a notice of the <br />local taxes at least once per year. The notice must include a brief description of both the local <br />ƭğƌĻƭ ğƓķ ǒƭĻ ƷğǣĻƭ ğƓķ ƩĻŅĻƩĻƓĭĻ ƷŷĻ ķĻƦğƩƷƒĻƓƷ͸ƭ ǞĻĬƭźƷĻ ƌźƓƉ͵ <br /> <br />Returns and remittance <br />Vendors will collect and remit Elk River taxes covered by this agreement as part of their Minnesota sales <br />and use tax returns, which include simplified elecƷƩƚƓźĭ ƩĻƷǒƩƓƭ Λ{9w͸ƭΜ ğǒƷŷƚƩźǩĻķ ĬǤ ƷŷĻ {{D.͵ <br />Revenues collected by the department are deposited in the State Treasury and credited to a special <br />account. The department will draw from this account to recover department costs as provided in this <br />agreement, and to transmit collections to Elk River. Elk River will accrue no interest on this amount. <br /> <br />Transmittal of tax <br />The department will transmit the taxes reported on returns monthly through the automatic <br />clearinghouse system. <br /> <br />For each month of collection related to July through December 2023, the department will continue to <br />make two transmittals. The first will be transmitted approximately five business days after month end. <br />The second transmittal will be sent approximately 40 days after month end. The second transmission <br />will reflect any adjustments made for refunds issued by the department for tax reported in error. The <br />department retains, from the second monthly payment, a fee for administering, collecting, and <br />enforcing the Elk River taxes as provided in this agreement. The department sends notification each <br />ƒƚƓƷŷ Ʒƚ ƷŷĻ ĭƚƓƷğĭƷ ƦĻƩƭƚƓ ƭŷƚǞźƓŭ ƷŷĻ ĬƩĻğƉķƚǞƓ ƚŅ ƷŷĻ ƒƚƓƷŷ͸ƭ ĭƚƌƌĻĭƷźƚƓƭ ğƓķ ğķƒźƓźƭƷƩğƷźǝĻ ŅĻĻƭ <br />deducted. <br />2 <br /> <br />