Bill reported favorably by committee and referred to the committee on House Ways and Means
Summary
The bill permits vendors who collect state taxes under chapters 64H and 64I to keep a portion of the taxes they gather—specifically 2% of the total annual amount—provided the combined retention from both chapters does not exceed $750. The retention is taken as a deduction during the standard reporting period and stops once the cap is reached, resuming only in the next calendar year. This change directly impacts any vendor authorized to collect taxes under the referenced statutes.
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