4.11 SR 06-05-2023 - Laserfiche WebLink

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Responsibilities When the boundary limits for Elk River change, it is the responsibility of Elk River to notify and provide the department with the updated boundary information. The department will only update the rate calculator and ZIP Code guide upon receiving this information. Minnesota Statute requires that the department notify vendors of their tax obligations when boundaries change. Vendors not notified will be relieved of liability until notification occurs. The department will not engage in compliance activities for vendors in the new boundary area who have not been formally notified of the change. If Elk River updates or amends the city ordinance relating to the Elk River tax covered by this agreement, Elk River must provide a draft of the changes to the department for review before it is made final. The department will review the changes to ensure compliance with governing statutes. Elk River will then provide the department with a signed copy of the revised or amended ordinance. Elk River must provide the department with current contact information annually and advise when any changes occur. This includes, but is not limited to, the contact person, phone number, address, and email. Elk River will notify the department prior to the 90-day notification requirement for when the tax will end. The department will work with Elk River to project an estimated amount to retain for the reserve fund. This amount retained will allow for adjustmeƓƷƭ ğƓķ ƩĻŅǒƓķƭ ğƭ ƒĻƓƷźƚƓĻķ źƓ ƷŷĻ ͻĻƩƒźƓğƷźƚƓ ƚŅ ƌƚĭğƌ Ʒğǣͼ ƭĻĭƷźƚƓ͵ LƓ ƷŷĻ ĻǝĻƓƷ ƷŷĻ 5ĻƦğƩƷƒĻƓƷ does not retain enough revenues to cover any adjustments once the tax ends, a bill will be sent for the outstanding amount. See Minnesota Statutes, section 297A.99, subdivision 9. Effective date This agreement is effective the day following imposition of the tax and supersedes any previous agreement. Modifications Any portion of this agreement may be modified. Modifications must be in writing and signed by the Commissioner of Revenue and an authorized representative of Elk River. Minnesota Department of Revenue Signature: ______________________________ Paul Marquart Commissioner of Revenue Date: __________________________________ Elk River Representative Signature: ______________________________ Signature: ______________________________ Print Name: _____________________________ Print Name: _____________________________ Print Title: ______________________________ Print Title: ______________________________ Date: __________________________________ Date: __________________________________ 5