Relating to: a tax credit for certain sales and use taxes paid on services sold through an amusement device. (FE)

Summary

The bill lets individuals claim a credit against state income or franchise tax for the county and municipal sales/use taxes they paid on services purchased via arcade‑type machines. Partnerships, LLCs and tax‑option corporations cannot claim the credit themselves; they must allocate the amount to their owners, who claim it in proportion to their ownership. Any unused credit can be carried forward for up to 20 years.

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

Topics

Share