Committee: Finance and Taxation General FundSponsor: Pittman
Analyst: Heather PyrlikDate: 01/16/2018

FISCAL NOTE

Senate Bill 130 as introduced allows eligible sellers in the Simplified Sellers Use Tax Remittance Program to have an in-state affiliate and clarifies that the sale of tangible personal property sold or removed from a retail location in this state or delivered from or at a retail location in this state is subject to state and local sales and use taxes and is not collected and remitted under the program.

This bill could increase tax receipts to counties and municipalities not currently collecting sales and use taxes from companies that now may be eligible to participate in the SSUT program and subject to simplified sellers use tax. This bill could also decrease receipts to counties and municipalities currently collecting sales and use taxes from a company at a higher rate than the simplified sellers use tax distribution would provide upon the same company entering in the SSUT program.


 Lee Trip Pittman, Chairperson
Finance and Taxation General Fund