2022 Special Session I

Budget Amendments - HB29 (Conference Report)

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Eliminate Accelerated Sales Tax in FY 2022 (language only)

Item 3-5.06 #1c

Item 3-5.06 #1c

Adjustments and Modifications to Tax Collections
Accelerated Sales Tax


Page 307, after line 27, insert:

"H. Notwithstanding language included in the paragraphs above, no Accelerated Sales Tax payments shall be required for any dealer for any period beginning after June 30, 2021. Penalties and interest for all prior years' Accelerated Sales Tax payments remain due and are collectible."  


(This amendment eliminates the accelerated sales tax (AST) in fiscal year 2022. The introduced budgets eliminated the AST in fiscal year 2023. Eliminating the AST in fiscal year 2022 will reduce revenues by $202.8 million in fiscal year 2022 and increase revenues in fiscal year 2023 by an equal amount.)