HB 668 -- Sales/Use Tax Direct Pay Agreements

Sponsor:  Gibbons

Under current law, businesses which have annual purchases
subject to state and local sales and use tax may remit the taxes
directly through agreements with the Department of Revenue.  The
businesses under the agreements are not allowed to retain 2% of
the taxes for administrative purposes as is allowed for normal
retailers.  This bill allows the businesses subject to direct
pay agreements to retain 2% of the tax they remit.