Sub.
S.B. 26
126th General Assembly
(H. Ways & Means)
Further delays the destination-based sourcing requirement applicable to all vendors from July 1, 2005, to May 1, 2006.
Delays the destination-based sourcing requirement for vendors with less than $30 million in delivery sales in 2005 until May 1, 2007.
Delays the destination-based sourcing requirement for vendors with less than $5 million in delivery sales in 2006 until January 1, 2008.
Makes conforming delays in the payment of compensation to smaller counties affected by the transition to destination-based sourcing rules and to vendors affected by that transition.
Makes technical adjustments to two sales tax exemption-related definitions to conform the definitions with corresponding definitions in the Streamlined Sales and Use Tax Agreement.
S0026-126.doc/ss 05/03/05