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Georgia bill would raise vendor compensation for collecting sales tax to aid small retailers
Summary
Chairman Yurda introduced House Bill 439 to increase the vendor compensation merchants may retain when collecting state sales taxes; supporters said the change would help small businesses, while local-government representatives asked for a fiscal note to show the impact on shared local sales-tax revenue.
Chairman Yurda presented House Bill 439, a proposal to raise the vendor compensation merchants may retain when reporting and remitting state and local sales taxes.
The bill would change the current allowance — in which vendors may retain 3% of the first $3,000 of remitted tax and 0.5% of tax collected above $3,000 — to retain 3% of the first $10,000 and 0.5% of tax collected above $10,000, with a provision in the bill text for the rate on tax above $10,000 to increase to 1.5% over time. Representative (unnamed) asked for a fiscal note; Chairman Yurda said a fiscal note was being prepared and was expected soon.
Why it matters: Vendors currently receive a small reimbursement for the administrative…
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