Senate Bill 718 Summary

• Provides relief for auctioneers and estate sale companies by allowing the Secretary to compromise sales tax assessments for livestock auctions if taxpayers registered as retailers by July 1, 2020, and made good-faith compliance efforts.

• Establishes a grace period from February 1, 2020, to October 1, 2020, preventing tax assessments for persons conducting tangible property sales at owners' homes or farms regardless of whether sales were by auction or pricing.

• Expands the large fulfillment facility equipment exemption to include contractors and subcontractors purchasing equipment for use in fulfillment facility operations, and allows refunds for qualifying purchases made April 1, 2020, through June 30, 2020.

• Clarifies definitions of digital property and online learning by defining terms including digital audio works, digital audiovisual works, digital books, and "educational service" to exclude automated grading and require instructor evaluation or live interaction.

• Exempts sales of digital audio and audiovisual works that qualify as education expenses for homeschoolers and digital content provided contemporaneously with nontaxable services from sales tax, effective retroactively to October 1, 2019.