Sales and Use Tax - Certificates Indicating Multiple Points of Use - Alterations

Added a requirement for buyers to register with the Comptroller and obtain specific authorization before they can issue multiple points of use certificates.

Introduced a new definition for 'Authorized Buyer' to clarify who is permitted to issue these certificates.

Mandated that buyers must provide the Comptroller with a list of all vendors to whom they issued certificates.

Changed the process from a buyer simply presenting a certificate to one requiring prior approval and ongoing compliance with new verification steps.

Granted the Comptroller authority to deny, renew, or revoke authorization for issuing certificates due to fraud, negligence, or tax delinquency.

Required the Comptroller to notify vendors in writing when a buyer's authorization is revoked and their certificates are voided.

Established a minimum 2-year validity period for authorization and a 90-day window for buyers to apply for renewal.