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HB 0807 - Occupation Tax - Financial Information for Businesses in Multiple Jurisdictions
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Tracking Level: Neutral
Sponsor: Martin Momtahan
Last Action: 6/23/2020 - Senate - Senate Read Second Time
House Committee: Ways and Means
Senate Committee: Finance
Assigned To:
Business and Occupation TaxNext Bill
Larry RamseyNext Bill

Staff Analysis of the Legislation

 For businesses that operate in more than one jurisdiction and that are subject to a gross-receipts occupation tax, this bill would allow the submission of an affidavit from a CPA, rather than tax returns, regarding the proper allocation of gross receipts to the operations within each jurisdiction. The bill would also specify that regulatory fees must be used for funding the regulatory operations rather than general county operations. As amended in the Senate, the bill would clarify that local governments are not required to create separate accounts for such regulatory fees.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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