Bill Text: CT SB01110 | 2013 | General Assembly | Comm Sub

Connecticut Senate Bill 1110 (Prior Session Legislation)

Bill Title: An Act Concerning Alternative Methods For The Collection And Remittal Of Sales And Use Taxes.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2013-05-01 - File Number 656 [SB01110 Detail]

Download: Connecticut-2013-SB01110-Comm_Sub.html

General Assembly		*Substitute Bill No. 1110*
*January Session, 2013*		_____SB01110FIN___041513____

AN ACT CONCERNING ALTERNATIVE METHODS FOR THE COLLECTION AND REMITTAL OF SALES AND USE TAXES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective from passage) (a) The Commissioner of Revenue Services shall analyze alternative methods to enforce and enhance the collection and remittal of sales and use taxes by retailers, as required pursuant to chapter 219 of the general statutes. The commissioner shall consider (1) the amount of sales and use taxes that are annually uncollected or consistently delinquent, (2) the availability and effectiveness of such alternative methods, including any electronic software available for purchase or license to assist in the collection and remittal of said taxes, (3) the advisability of requiring more frequent remittal of said taxes, particularly for retailers with a higher tax liability, (4) the advisability of instituting a payment system whereby the state may receive payment of said taxes electronically on or about the date of the taxable transaction, from third-party processors of consumer credit or debit card payments or electronic funds transfers, (5) whether such methods should be required for all retailers, only for retailers consistently delinquent in remitting said taxes, only for retailers either above or below a specific dollar level of quarterly tax liability, or for some combination thereof, and (6) whether such methods are likely to reduce deficiencies and increase collections and remittals.

(b) Not later than October 1, 2013, the commissioner shall report his findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding. Not later than thirty days after receiving such findings and recommendations, the committee may convene a meeting to vote to approve or disapprove such recommendations. If the committee does not act on the recommendations within such thirty days, the recommendations shall be deemed to be approved by the committee.

(c) Not later than January 1, 2014, the commissioner shall commence implementation of such alternative methods of collection and remittal of sales and use taxes as have been recommended by the commissioner and approved by the committee, as provided in subsection (b) of this section.