Thresholds For Sales Tax Collection Requirements
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the dollar thresholds in place for certain retailers' sales tax collection requirements.
Bill Summary:
The bill changes the dollar threshold for economic nexus for purposes of retail sales made by retailers without physical presence in the state from $100,000 to $200,000.
Current law temporarily allows small retailers with physical presence in the state that have retail sales of $100,000 or less to source sales to the business' location regardless of where the purchaser receives the tangible personal property or service, thus providing an exception to the sales tax sourcing rule. The bill changes this threshold to $200,000 or less in retail sales and makes the exception permanent.
(Note: This summary applies to this bill as introduced.)
Committees
Senate
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/14/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 20-099 to the Committee on Appropriations. | The motion failed on a vote of 3-4. | Vote summary |
| Postpone Senate Bill 20-099 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 4-3. | Vote summary |
| Send a letter to the Sales and Use Task Force asking it to examine the issues raised by Senate Bill 20-099. | The motion passed without objection. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 02/04/2020 | Senate | Senate Committee on Finance Postpone Indefinitely |
| 01/14/2020 | Senate | Introduced In Senate - Assigned to Finance |