1.1 	A bill for an act
1.2 	relating to taxation; corporate franchise; modifying due dates for estimated tax 
1.3 	payments;amending Minnesota Statutes 2018, section 289A.26, subdivisions 2, 
1.4 	3.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2018, section 289A.26, subdivision 2, is amended to read:
1.7 		Subd. 2.Amount and time for payment of installments. The estimated tax payment 
1.8 	required under subdivision 1 must be paid in four equal installments on or before the 15th 
1.9 	day of the third fourth, sixth, ninth, and 12th month of the taxable year.

1.10 	EFFECTIVE DATE. This section is effective beginning with estimated tax payments 
1.11 	required for taxable years beginning after December 31, 2019.

1.12 	Sec. 2. Minnesota Statutes 2018, section 289A.26, subdivision 3, is amended to read:
1.13 		Subd. 3.Short taxable year. (a) A corporation or an entity with a short taxable year of 
1.14 	less than 12 months, but at least four months, must pay estimated tax in equal installments 
1.15 	on or before the 15th day of the third fourth, sixth, ninth, and final month of the short taxable 
1.16 	year, to the extent applicable based on the number of months in the short taxable year.
1.17 	(b) A corporation or an entity is not required to make estimated tax payments for a short 
1.18 	taxable year unless its tax liability before the first day of the last month of the taxable year 
1.19 	can reasonably be expected to exceed $500.
1.20 	(c) No payment is required for a short taxable year of less than four months.

2.1 	EFFECTIVE DATE. This section is effective beginning with estimated tax payments 
2.2 	required for taxable years beginning after December 31, 2019.