IN HR0081

Urges the legislative council to assign study committee review of the sales and use tax deduction for certain bad debt

Retail merchants that issue private label credit cards (branded with the merchant's name or logo for use at affiliated stores or franchisees) are currently not allowed uncollectible debt deductions in the same manner as other retailers

Calls for establishing a standardized method to determine uncollectible debt deductions related to private label credit cards to accurately calculate tax deductions

Proposed method should require inclusion of all outstanding credit sale transaction amounts when an account is charged off, maintenance of adequate documentation supporting charge-offs, and reporting of any subsequently collected amounts as gross retail income