Bill > H7809

This bill extends the timeframe for the division of taxation, the state agency responsible for collecting taxes, to review cases involving contractors who are not residents of the state and are performing work within the state. Specifically, it doubles the time the division has to issue a tax certificate from thirty to sixty days after a nonresident contractor requests an audit of their project's records. This change aims to give the division more time to accurately assess any sales and use taxes or income taxes that may be due. Additionally, the bill introduces a new penalty for those who do business with nonresident contractors and fail to comply with the state's withholding requirements, meaning they will be held responsible for the amount of tax due and subject to the same collection efforts as other taxpayers. The bill takes effect immediately upon being passed into law.

Budget and Finance

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