SB278 Summary

• Prohibits the Department of Revenue from charging local governments fees for filing, payment processing, and remittance services for taxes filed under the ONE SPOT system.

• Reduces the maximum collection and administration fee for counties from 5 percent to 2 percent of revenue collected, matching the municipal rate.

• Extends the notification deadline for new or changed local tax levies from 30 days to 60 days prior to the effective date.

• Provides liability relief for vendors and taxpayers who incorrectly collect tax rates due to the Department of Revenue's failure to properly publish rate changes, effective March 1, 2017.

• Defines "collection and administration" services as the act of managing local taxes including receiving, reconciling, processing, auditing, and distributing tax revenue.