Common Contracts
1 similar Streamlined Sales and Use Tax Agreement contracts
HB 1967 -- STREAMLINED SALES AND USE TAX AGREEMENT SPONSOR: LoveStreamlined Sales and Use Tax Agreement • January 13th, 2020
This bill creates the "Streamlined Sales and Use Tax Agreement Act" and requires the Director of the Department of Revenue to enter into the "Streamlined Sales and Use Tax Agreement" with one or more states to simplify and modernize sales and use tax administration in order to substantially reduce the burden of tax compliance for all sellers and types of commerce. Additionally, this bill creates the "Streamlined Sales and Use Tax Agreement Special Fund" which will consist of the revenue generated by this bill and will be transferred to pay for outstanding transportation bond debt. These provisions will sunset five years after the effective date of the bill (Section 32.070).
