SB316 Summary

• Amends county tax collection procedures to provide that interest rates on delinquent taxes be determined according to general law (Section 40-1-44) rather than locally determined rates for taxes collected by the Department of Revenue.

• Modifies municipal delivery license requirements by deleting provisions allowing rate increases and establishing a maximum $10 issuance fee for business delivery licenses.

• Creates exemption from delivery license requirements for taxpayers with annual gross receipts not exceeding $10,000 from within the municipality and no other physical presence there.

• Extends the timeframe for taxpayers to purchase appropriate business licenses after violating delivery license criteria from 10 days to 45 days.

• Applies the same interest rate provisions for delinquent municipal taxes collected by the Department of Revenue as county taxes, standardizing interest calculations across jurisdictions per Section 40-1-44.