SB1107
Sales and use tax; prohibits any requirement that a dealer remit accelerated payments, exception.
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 ... (More) 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. (Less)-
Bill History
- 01/09/2017 - Senate: Prefiled and ordered printed; offered 01/11/17 17101002D
- 01/09/2017 - Senate: Referred to Committee on Finance
- 01/22/2017 - Senate: Impact statement from TAX (SB1107)
- 01/25/2017 - Senate: Passed by indefinitely in Finance (16-Y 0-N)
