Allows 50 percent sales and use tax exemption for telephone, mail-order, and internet transactions by qualified businesses within Urban Enterprise Zone; allows quarterly tax returns for qualified businesses; increases allowable administrative expenses by qualified municipalities.

Summary

The measure provides a half‑price sales and use tax exemption for telephone, mail‑order and internet transactions made by businesses that qualify under the Urban Enterprise Zone program. It also allows those businesses to submit tax returns every quarter instead of once a year and lets qualifying municipalities increase the amount they can spend on administrative costs for the program. The intent is to stimulate economic activity in distressed urban areas.

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

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