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Senate committee adopts amendment to bill aimed at improving transparency for sales-tax rebates
Summary
The Senate Revenue & Tax Committee adopted an amendment to Senate Bill 528, which would change how cities and counties track sales-and-use tax rebates and include a confidentiality provision; local officials testified that unexpected rebates and refunds have caused major budget disruptions.
The Senate Revenue & Tax Committee adopted an amendment to Senate Bill 528 and heard testimony from city and county officials who said the measure would help local governments track and forecast sales-and-use tax rebates. The committee did not take final action on the bill and agreed to place it on the next meeting agenda.
Senator Sample (bill sponsor, District 14) told committee members the measure — developed with DFNA input — would improve reporting and visibility into rebates that are currently difficult for cities and counties to track. "It is a bill that has long been needed," the sponsor said, and added the proposal includes a confidentiality provision;…
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