SB983
Retail Sales and Use Tax; dealer discount.
Summary
As Introduced. Sales and use tax; dealer discount.
Provides that the dealer discount deduction for state retail sales and use tax that the dealer accounts for in submitting his return and paying the amount due, beginning July 1, 2025, will be six percent of the first three percent of the tax imposed. Under current law, the dealer discount ... (More) is allowed as a deduction from the first three percent of the state retail sales and use tax that the dealer accounts for in submitting his return and paying the amount due in the following percentages: four percent, if the monthly taxable sales of the dealer are $0 to $62,500; three percent, if the monthly taxable sales of the dealer are $62,501 to $208,000; and two percent if the monthly taxable sales of the dealer are $208,001 and above. (Less)-
Bill History
- 01/07/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25101234D
- 01/07/2025 - Senate: Referred to Committee on Finance and Appropriations
- 01/19/2025 - Senate: Impact statement from TAX (SB983)
- 02/05/2025 - Senate: Left in Finance and Appropriations
