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Committee discusses SB 109 remittance credit for retailers but holds bill for revisions
Summary
Senate Bill 109 would create a remittance credit equal to 1.5% of sales and compensating use tax remitted to retailers, with a $300 monthly cap per retailer; senators raised concerns about fiscal cost and whether it targets small businesses, and the committee decided to hold the bill to allow further drafting and possible amendments.
Senate Bill 109 would provide retailers a remittance credit equal to 1.5% of sales and compensating use tax remitted, subject to a monthly cap of $300 per retailer. Committee staff summarized the measure and members discussed whether the credit should exclude "big box" stores to concentrate benefits on small businesses.
Why it matters: supporters said the credit offsets administrative…
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