2019 Session

Budget Amendments - SB1100 (Member Request)

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Chief Patron: Sturtevant
Adjustments and Modifications to Tax Collections, Accelerated Sales Tax (language only)

Item 3-5.06 #1s

Item 3-5.06 #1s

Adjustments and Modifications to Tax Collections
Accelerated Sales Tax


Page 563, line 44, strike "$4,000,000" and insert "$20,000,000".

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


(This amendment would change the requirement for those that are required to remit accelerated sales tax (AST) from the current level of $4,000,000 or more in taxable sales and purchases for a 12-month period of the immediately preceding calendar year to those dealers and permit holders with taxable sales and purchases of $20,000,000, effective with AST payments due in June 2019.)