Bill Summary

by Rehwinkel Vasilinda Co Sponsors: Berman, Moraitis, Pafford, Rangel, Watson (C), Rader, Schwartz

Streamlined Sales and Use Tax Agreement: Specifies certain facilities that are exempt from transient rentals tax; deletes application of brackets for calculation of sales & use taxes; revises criteria establishing circumstances under which taxes on sale of prepaid calling arrangements are due; limits $5,000 cap on discretionary sales surtax to sale of certain vehicles and homes; provides criteria to determine situs of certain sales; requires purchasers of direct mail to use direct-mail forms; revises exemptions from sales & use tax for food & medical products; provides for computation of taxes due based on rounding instead of brackets; provides amnesty for uncollected or unpaid sales & use taxes for sellers who register under Streamlined Sales & Use Tax Agreement; provides for adoption of emergency rules; repeals provisions pertaining to taxation of mail-order sales. Effective Date: January 1, 2015

» H Finance & Tax Subcommittee
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