SB 188 Repeals the timely file discount for sales tax remittance
Sponsor: Green
LR Number: 0597S.01I Fiscal Note:
Committee: Ways & Means
Last Action: 1/17/2007 - Second Read and Referred S Ways & Means Committee Journal Page: S115
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary

SB 188 - This act repeals the timely file discount for sellers that filed quarterly remittance of sales taxes on or before the due date. The discount allowed sellers to retain two percent of sales tax revenues collected.

This act is identical to SB 772 (2006).