SB 772 Repeals timely file discount for sales tax remittance
Sponsor: Green
LR Number: 4065S.01I Fiscal Note: 4065-01
Committee: Ways & Means
Last Action: 3/30/2006 - Hearing Conducted S Ways & Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary

SB 772 - 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.