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HCS/SCS/SB 823 - This act creates a state and local sales tax exemption for internet access or the use of internet access regardless of whether the tax is imposed on a provider or buyer of internet access. The act provides that certain exemptions for state and local sales and use taxes for production that apply to manufacturing, processing, and producing include activities like analyzing and organizing data to produce marketable tangible or intangible products or services and the production of telecommunications services. Currently, applicants for retail sales licenses and certain licensees are required to file bonds in an amount up to 3 times the average monthly tax liability of the taxpayer as determined by the Director of Revenue. After 2 years of satisfactory tax compliance, the taxpayer is released from this bonding requirement. This act lowers the cap to 2 times the average monthly tax liability of the taxpayer and releases taxpayers after 1 year of satisfactory tax compliance. DOMENIC SITA
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