Provide an Income Tax Credit for Retailers Collecting Sales Tax

Last updated: Mar 11, 2017

Details about this bill
Category: Taxation
Status: Defeated
Sponsor: Senator Paul Davis, Senate 4 - Piscataquis County
Session: 128
Bill #: LD 91

Position:

Monitoring.

UPDATE: The Committee made quick work of this bill with one committee member commenting that the cost of collecting and remitting sales taxes is the cost of doing business. It was unanimously defeated in committee.

Summary:

This bill provides an income tax credit of $100 for retailers who collect, report and remit to the State more than $1,000 in sales tax during the tax year.