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.