2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Poindexter
Co-Patron(s): O'Bannon
Eliminate Proposed Changes to AST (language only)

Item 3-5.07 #1h

Item 3-5.07 #1h

Adjustments and Modifications to Tax Collections
Accelerated Sales Tax

Page 514, line 25, unstrike "$26,000,000" and strike "$2,500,000".
Page 514, unstrike lines 27 through 33.

(This amendment restores the threshold levels determining who is required to expedite their payment of June sales tax collections to the levels specified in Chapter 3, Special Session 1, 2014 General Assembly. It also adds language regarding the legislature's intent to phase-out this practice no later than June, 2021.)