Bill > S0110

This bill reduces the tax rate on communications services from 6.65% to 3.05% and the tax rate on direct-to-home satellite services from 10.8% to 7.2%. It also allows dealers of communications services to use a period other than a calendar month for calculating and remitting taxes, provided they use a month-long period ending on or after the 15th of the calendar month and commit to this alternative for at least 12 months. Additionally, the bill revises how tax revenue from sales and use taxes, communications services taxes, and gross receipts taxes are distributed, with specific changes to the percentages allocated to state and local government funds, including adjustments to allocations for the Local Government Half-cent Sales Tax Clearing Trust Fund and the Revenue Sharing Trust Fund for Counties and Municipalities. A new provision also limits the disallowance of a collection allowance for delinquent tax payments to the percentage of the total tax that is delinquent. The bill's provisions generally apply to taxable transactions dated on or after July 1, 2015, with some sections taking effect on September 1, 2015.