Provide an Income Tax Credit for Retailers Collecting Sales Tax
|Sponsor:||Senator Paul Davis, Senate 4 - Piscataquis County|
|Bill #:||LD 91|
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.
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.