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House Bill 1205


House Bill 1205

ARCHIVE (2000)

Latest Information

 

DIGEST OF INTRODUCED BILL


Sales tax collection allowance for utilities. Allows a retail merchant who furnishes or sells an intrastate telecommunication service to retain the retail merchant's collection allowance of 1% of the retail merchant's gross retail and use tax liability as compensation for collecting and timely remitting the state gross retail tax and the state use tax. Provides that a retail merchant who furnishes or sells an intrastate telecommunications service may not retain the retail merchant's collection allowance if the retail merchant is compensated for collecting and remitting the gross retail tax and the use tax through its rate structure, as approved by the Indiana utility regulatory commission. (Current law provides that a person who furnishes or sells an intrastate telecommunication service is not entitled to the retail merchant's collection allowance.)
Current Status:
 In Committee - first House
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