CT SB01110

Commissioner of Revenue Services shall analyze alternative methods to enforce and enhance collection and remittal of sales and use taxes by retailers under chapter 219 of the general statutes.

Analysis must consider uncollected or delinquent tax amounts, effectiveness of electronic software solutions, more frequent remittal requirements for high-liability retailers, and real-time electronic payment systems from third-party credit/debit card processors.

Commissioner must determine whether alternative methods should apply to all retailers, only consistently delinquent retailers, retailers above/below specific dollar thresholds, or some combination thereof.

Commissioner shall report findings and recommendations to the joint standing committee on finance, revenue and bonding no later than October 1, 2013; committee has 30 days to approve or disapprove, with silence deemed approval.

Commissioner shall implement approved alternative collection and remittal methods no later than January 1, 2014.