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ND HB1464
Bill
Status
4/19/2013
Primary Sponsor
Mark Dosch
Click for details
AI Summary
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Increases the maximum aggregate deduction for retailers collecting sales and use taxes from $93.75 to $110.75 per return under North Dakota Century Code sections 57-39.2-12.1 and 57-40.2-07.1
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Maintains the one and one-half percent deduction rate that retailers may deduct and retain from taxes due on sales, use, and gross receipts taxes
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Applies the increased cap to retailers registered to report and remit taxes under chapters 57-39.2, 57-39.5, 57-39.6, and 57-40.2
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Preserves the restriction that retailers receiving compensation under these provisions cannot receive additional compensation under subsections 2 or 3 for the same period
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Effective for tax returns for periods beginning after June 30, 2013
Legislative Description
The deduction to allow retailer reimbursement for administrative expenses of collecting sales and use taxes; and to provide an effective date.
Last Action
Signed by Governor 04/18
4/19/2013