SB 451 - State Tax Administration

• Requires the Commissioner of Revenue Services to deny or refuse renewal of business licenses if a person has failed to file required tax returns or owes finally due taxes, effective January 1, 2017.

• Modifies dry cleaning establishment tax credit definitions by removing references to establishments that accept clothing for cleaning by other establishments and removing "at retail" language, effective October 1, 2016.

• Establishes $1,000 per day civil penalty for tobacco distributors and unclassified importers who fail to immediately produce requested records upon commissioner request, with waiver available for reasonable cause, effective October 1, 2016.

• Changes seller's permit expiration from five-year terms (issued after October 1, 2003) to biennial terms for permits issued on or after January 1, 2017.

• Modifies information return filing requirements to change deadline from February to January 31 and removes commissioner's discretionary authority to adopt regulations regarding magnetic media filing.