S.B. 803 - Technical, Clarifying, and Administrative Changes to Revenue Laws

• Removes reference to the Interstate Commerce Commission from the definition of "public utility" in corporate income tax allocation rules, reflecting the agency's abolition.

• Modifies qualified discharge of indebtedness rules for 2014-2016 taxable years to limit the addition requirement for insolvent taxpayers to the amount exceeding what would have been excluded under alternative insolvency provisions.

• Expands aviation fuel sales tax exemption to apply to persons whose primary business is scheduled passenger air transportation, not just interstate air businesses, with exemption expiring January 1, 2020.

• Clarifies that facilitators are subject to sales tax collection and registration requirements, and establishes rules for when tax rate changes apply to monthly/periodic billing versus non-periodic sales.

• Authorizes cities and counties to share tax information with each other's finance officers as necessary to administer taxes, and increases nonparticipating tobacco manufacturer bond requirements effective October 1, 2016.

• Adjusts unemployment insurance contribution rate calculation timing to apply as of September 1 following the computation date.