Amends TCA Title 67, Chapter 6, Part 5.
ON APRIL 14, 2021, THE HOUSE SUBSTITUTED SENATE BILL 1326 FOR HOUSE BILL 539, ADOPTED AMENDMENT #1, AND PASSED SENATE BILL 1326, AS AMENDED.<br /> <br /> AMENDMENT #1 authorizes dealers whose sales and use tax liability for 12 consecutive months has averaged $1,000 or less per month to file returns and payment either monthly or quarterly; requires the $1,000 to be adjusted for inflation and rounded to the nearest $10 every five years, beginning January 1, 2026.<br />
ON APRIL 14, 2021, THE HOUSE SUBSTITUTED SENATE BILL 1326 FOR HOUSE BILL 539, ADOPTED AMENDMENT #1, AND PASSED SENATE BILL 1326, AS AMENDED.<br /> <br /> AMENDMENT #1 authorizes dealers whose sales and use tax liability for 12 consecutive months has averaged $1,000 or less per month to file returns and payment either monthly or quarterly; requires the $1,000 to be adjusted for inflation and rounded to the nearest $10 every five years, beginning January 1, 2026.<br />
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