Bill
No.: HB0147 Drafter:
JDA
LSO
No.: 11LSO-0227 Effective Date: 7/1/2011
Enrolled
Act No.: HEA0096
Chapter
No.: 132
Prime
Sponsor: Representative Zwonitzer, Dv.
Catch
Title: Excise tax-vendor compensation.
Subject: Credit for
collection of sales and use tax.
Summary/Major
Elements:
● Existing law requires vendors and direct payers
to collect sales and use tax and remit the tax to the state.
● This act would provide for a credit of up to five
hundred dollars ($500.00) each month that a vendor or direct payer pays sales
and use tax, based on a percentage of the tax due.
● The act provides that any credit allowed shall
come from the portion of the distribution which is deposited to the state general fund.
● The act provides an appropriation of $160,000
from the general fund to the department of revenue for the implementation of
the credit.