Staff Analysis of the Legislation
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This bill adds new requirements for refunds of state and local sales and use taxes where overpayment of tax is made pursuant to a direct payment permit issued by the Department of Revenue. This bill further defines direct pay permits and requires the Department of Revenue to establish rules for direct pay permits for certain large taxpayers. The direct pay program allows such taxpayers to retain and directly pay to DOR sales and use taxes, rather than making such tax payments to vendors. This bill is intended to change existing DOR rules on direct pay permits. |
