HB 101 (2015) -  Taxation

by Steube (CO-SPONSORS) Eagle; Hill; Hutson; Taylor; Van Zant
Exempts certain obligations from nonrecurring intangible personal property tax; exempts certain documents that transfer real property from tax; exempts certain notes, written obligations, mortgages, or other evidences of indebtedness from tax; reduces tax on rental or license fees charged for use of real property; revises term "mail order sale" to specifically include sales of tangible personal property ordered through Internet or dealer in foreign country; provides that certain persons who make mail order sales & have nexus with state are subject to state's power to collect sales tax when engaged in certain activities; specifies that certain dealers are not required to collect sales tax unless certain circumstances exist; creates rebuttable presumption that dealer is subject to state's power to collect sales tax; creates annual sales tax holiday for school supplies, personal computers, & personal computer-related accessories; creates Restaurant & Hotel Renovation Tax Refund Program with administration by DEO; authorizes applicant to receive tax refund under certain circumstances; requires DOR to develop system to track changes in sales tax remitted & submit reports to Governor & Legislature.
Effective Date: July 1, 2015
Last Event: Died in Finance & Tax Committee on Tuesday, April 28, 2015 1:15 PM

Related Bills

Staff Analysis

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Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Committee Time: 04/28/2015 - 1:15 PM Member: Committee: Finance & Tax Committee Version: __
Event: H 1st Reading Time: 03/03/2015 - 10:37 PM Member: Committee: Version: __
Event: H Now in Finance & Tax Committee Time: 01/08/2015 - 2:19 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Appropriations Committee Time: 01/08/2015 - 2:19 PM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 01/08/2015 - 2:19 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Finance & Tax Committee Time: 01/08/2015 - 2:19 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Filed Time: 12/12/2014 - 4:40 PM Member: Steube Committee: Version: __