• Susan Eder

Sales Tax increase


If you operate a restaurant within Hennepin or Ramsey Counties, the Transit Tax increased yesterday by 0.25%. Actually, it decreased by 0.25%, and was replaced by the new rate of 0.50%.

In Minneapolis, here's the new breakdown of Sales Tax. Make sure to change this in the point-of-sale system, as well as decide how to implement it for any items that are tax-inclusive, such as drinks sold at the bar:

New Rate Old Rate

Food: 8.025% 7.775%

Liquor: 10.525% 10.275%

Don't forget to add 3% to each of the New Rates if you operate within the defined Downtown area of Minneapolis. A link to the Minneapolis Sales Tax rates and a map of the downtown area to which the additional 3% applies can be found at:

http://www.revenue.state.mn.us/businesses/sut/factsheets/FS164M.pdf

#Salestax #Tax #Minneapolis

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