Bills › 89th General Assembly
Relating to sales and use tax refunds
Topics:Taxes
Where it is now
- Done: IntroducedJanuary 21, 2021
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary If a store accidentally charges you too much sales tax, they must give the extra money directly back to you. Currently, stores have the choice to either pay you back themselves or send the extra money to the state for you to claim later. This change removes that second option and requires the store to handle the refund personally.1
Read the official explanation
This bill relates to sales and use tax refunds. Currently, if the amount of tax collected by a retailer is incorrect, and the incorrect amount is paid by the consumer to the retailer, the retailer has two options to refund any excess tax amount. First, the retailer may refund the excess tax amount to the consumer.47. The bill strikes the option of the retailer to remit the excess tax amount paid by the consumer to the department of revenue, which requires the consumer to file a claim for a refund or credit with the department of revenue. The bill requires the retailer to refund any excess tax amount paid by the consumer to the consumer.