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2017 SESSION

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SB 1107 Sales and use tax; prohibits any requirement that a dealer remit accelerated payments, exception.

Introduced by: Glen H. Sturtevant, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Accelerated sales and use tax payments. Prohibits any requirement that a dealer remit sales and use tax payments except under the following circumstances: (i) if payments are required for dealers with sales of $15 million or less, such threshold may only be lowered by 10 percent the next year; (ii) if the Department of Taxation fails to notify dealers that accelerated payments are due at least nine months in advance, no penalty may be assessed for late payments; and (iii) no penalty may be assessed on a dealer subject to an accelerated payment due to a lowered threshold in the calendar year. The bill prohibits requiring accelerated payments after June 30, 2020.

FULL TEXT

• 01/09/17  Senate: Prefiled and ordered printed; offered 01/11/17 17101002D  pdf | impact statement

HISTORY

• 01/09/17  Senate: Prefiled and ordered printed; offered 01/11/17 17101002D
• 01/09/17  Senate: Referred to Committee on Finance
• 01/25/17  Senate: Passed by indefinitely in Finance (16-Y 0-N)