| SB 0023 | Allows lumber and building materials dealers to remit sales tax upon receipt of cash payments |
| Sponsor: | Flotron | |||
| LR Number: | S0565.01I | Fiscal Note: | 0565-01 | |
| Committee: | Labor and Industrial Relations | |||
| Last Action: | 01/19/99 - Hearing Cancelled S Labor & Industrial Relations Com. | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 1999 | |||
SB 23 - This act allows lumber and building materials dealers to remit sales tax upon receipt of cash payments. The Director of Revenue is authorized to assess any additional tax due within three years from the date the tax is required to be paid; the tax may be assessed at any return if no return is filed or if a willfully false to fraudulent return has been filed with intent to evade the tax.
Dealers are required to maintain certain records for a period of three years from the date the tax on each sale is paid to the Director of Revenue.
This act applies to all sales made or uses occurring on or
after September 1, 1999, including those made or occurring under
a prior contract.
RUSS HEMBREE