An Act to establish a vendors’ collection allowance

HD 3979 allows vendors who collect state sales tax under specific chapters to retain 2% of the total tax they collect each year. This retention is capped at $750 annually when combined with similar allowances from another tax provision. Vendors would deduct this 2% directly from the tax they collect during their regular reporting period. Once a vendor reaches the $750 limit in a calendar year, they cannot deduct further amounts until the next year begins. The bill directly affects vendors handling state sales tax under these chapters.