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Panel backs suspension of retailers' sales-tax collection allowance; business groups call it a tax increase
Summary
The committee recommended a temporary suspension of the 1.5% sales-tax collection allowance through fiscal 2028 to generate approximately $6.8 million in revenue; retailers and small-business groups opposed the measure, saying it effectively increases costs on small businesses that collect and remit sales taxes.
The Senate Appropriations Committee gave House Bill 10 37 a "do pass" recommendation after Bureau of Finance and Management staff proposed suspending the sales-tax collection allowance that retailers receive for electronic remittance.
Derek Johnson of the Bureau of Finance and Management said the allowance was originally put in place to incentivize electronic filing and that it is no longer necessary because the state has reached broad electronic filing adoption. "In fiscal year 2024 there were approximately $6,800,000…
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