SB0228

Various tax matters.

Latest bill text (Comm Sub) [PDF]

Summary

Various tax matters. Amends the economic threshold for sales tax nexus to remove the number of sales transactions in the state as one of the two current triggers that require retail merchants to collect and remit sales tax. Allows a retail merchant that receives 75% or more of its receipts from the sale of prepared food to elect to claim a sales tax exemption on transactions involving electricity equal to 50% of the tax imposed on the transactions. Makes certain changes to statutes of limitations provisions. Requires sheriffs to transfer funds collected through executions of tax warrants twice a month electronically through the department of state revenue (department) payment portal. Specifies that the service of process fee for postjudgment service can only be assessed one time per case. Authorizes the department to disclose a taxpayer's name and other personal identification information with a tax preparer or tax preparation software provider in cases where the department suspects that a fraudulent return has been filed on behalf of a taxpayer and that the system of a taxpayer's previous year tax preparer or tax preparation software provider has been breached. Specifies the pass through entity tax liability for pass through entities in certain circumstances. Repeals an outdated provision that requires an owner of a truck stop to obtain a license from the department. Reorganizes certain retail merchant certificate provisions. Makes clarifying and technical changes.

Authors

Authored by Senator Holdman

Roll Calls

2024-03-04HouseHouse - Third reading PASS
2024-02-05SenateSenate - Third reading PASS

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: House Enrolled2024-03-06 Click To View
Fiscal NoteFiscal Note #3: House Comm Sub2024-03-04 Click To View
Fiscal NoteFiscal Note #2: House Comm Sub2024-02-29 Click To View
Committee ReportSenate Committee Report2024-02-27 Click To View
Vote SheetVote Sheet February 27, 20242024-02-27 Click To View
Fiscal NoteFiscal Note #1: House Comm Sub2024-02-27 Click To View
Fiscal NoteFiscal Note #4: Senate Comm Sub2024-02-23 Click To View
Fiscal NoteFiscal Note #3: Senate Comm Sub2024-02-06 Click To View
Fiscal NoteFiscal Note #2: Senate Comm Sub2024-02-01 Click To View
Committee ReportSenate Committee Report2024-01-30 Click To View
Vote SheetVote Sheet January 30, 20242024-01-30 Click To View
Fiscal NoteFiscal Note #1: Senate Comm Sub2024-01-30 Click To View
Fiscal NoteFiscal Note #1: Introduced2024-01-10 Click To View

History

Date Chamber Action
2024-03-13SenatePublic Law 118
2024-03-13SenateSigned by the Governor
2024-03-12SenateSigned by the President of the Senate
2024-03-11HouseSigned by the Speaker
2024-03-07SenateSigned by the President Pro Tempore
2024-03-05HouseReturned to the Senate without amendments
2024-03-04HouseThird reading: passed; Roll Call 266: yeas 98, nays 0
2024-02-29HouseSecond reading: ordered engrossed
2024-02-27HouseCommittee report: do pass, adopted
2024-02-12HouseFirst reading: referred to Committee on Ways and Means
2024-02-06SenateReferred to the House
2024-02-05SenateSenator Baldwin added as second author
2024-02-05SenateCosponsor: Representative Cherry
2024-02-05SenateHouse sponsor: Representative Thompson
2024-02-05SenateThird reading: passed; Roll Call 110: yeas 47, nays 1
2024-02-01SenateSenator Randolph added as coauthor
2024-02-01SenateSecond reading: ordered engrossed
2024-01-30SenateCommittee report: do pass, adopted
2024-01-10SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2024-01-10SenateAuthored by Senator Holdman