| HB 0715 |
Negotiating | Occupation Tax - Eliminate Gross Receipts Method and "$400 Club" |
Shaw Blackmon |
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2/26/2020 |
House Withdrawn, Recommitted |
Ways and Means |
- | - |
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| This bill would eliminate the option of local governments to use a business's gross receipts as the basis for calculating occupation tax. The bill would also eliminate the provision that gives many professions the ability to play a flat $400 per professional instead of the normal occupation tax formula. These changes would not become effective until 2025. |
| HB 0807 |
Neutral | Occupation Tax - Financial Information for Businesses in Multiple Jurisdictions |
Martin Momtahan |
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|
6/23/2020 |
Senate - Senate Read Second Time |
Ways and Means |
Finance |
- |
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| 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. |
