SB111 Summary

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

• Reduces the maximum cost-recovery charge the Department of Revenue can assess counties from 5 percent to 2 percent of revenue collected, matching the municipal rate.

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

• Provides liability relief for vendors and taxpayers who incorrectly collect local tax rates due to the Department of Revenue's failure to properly publish rate changes, effective March 1, 2018.

• Defines "collection and administration" services as the process of managing local taxes, including receiving, reconciling, processing, auditing, assessing, collating, and distributing local taxes.