Sales and Use Tax - Definition of Retail Sale - Alterations

Summary

The bill rewrites the legal meaning of a “retail sale” so that many sales of data, IT, and software services are no longer taxed as retail transactions. It applies to sellers and buyers of these services, especially when the service is resold, incorporated into another service, or the parties are affiliated. The change aims to reduce tax burdens on technology businesses and clarify tax treatment.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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