2016 Session

Budget Amendments - SB30 (Committee Approved)

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MBS Dual Reporting Appropriation

Item 476 #3s

Item 476 #3s

First Year - FY2017 Second Year - FY2018
Central Appropriations
Central Appropriations FY2017 $1,000,000 FY2018 $0 GF

Page 405, line 32, strike "$17,596,330" and insert "$18,596,330".

Page 408, Item 476, after line 12 insert:

"K.  Up to $1,000,000 from this item may be used by the Tax Commissioner to compensate businesses that comply with the MBS dual reporting requirement by June 1, 2016. No more than $2,500 per business may be provided for complying with the reporting requirement.".


(This amendment provides funding for businesses who comply with the Department of Taxation's Market Based Sourcing dual reporting requirement and request reimbursement. A companion amendment to Item 275 removes $2.5 million in FY 2017 from the general fund to provide compensation to applicable, compliant businesses.)