2019 Session

Budget Amendments - HB1700 (Member Request)

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Chief Patron: Wilt
Accelerated Sales Tax Threshold (language only)

Item 3-5.06 #1h

Item 3-5.06 #1h

Adjustments and Modifications to Tax Collections
Accelerated Sales Tax


Page 563, line 48, strike "$10,000,000" and insert "$20,000,000".


(This amendment proposes to increase from $4.0 million to $20.0 million the threshold for those retailers required to remit accelerated sales tax payments in June 2020. House Bill 1700 as introduced raised the threshold from $4.0 million to $10.0 million in the second year, at a cost of $27.2 million. The additional threshold increase would result in a one-time revenue loss of $24.0 million in fiscal year 2020 compared to the proposal in House Bill 1700.)