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SENATE DOCKET, NO. 808         FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1363

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Michael R. Knapik

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
              Court assembled:

              The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act to establish a sales tax retention allowance.

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PETITION OF:

 

Name:

District/Address:

Michael R. Knapik

Second Hampden and Hampshire

Bruce E. Tarr

First Essex and Middlesex

Robert L. Hedlund

Plymouth and Norfolk

Richard J. Ross

Norfolk, Bristol and Middlesex


SENATE DOCKET, NO. 808        FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1363

By Mr. Knapik, a petition (accompanied by bill, Senate, No. 1363) of Michael R. Knapik, Bruce E. Tarr, Robert L. Hedlund and Richard J. Ross for legislation to establish a sales tax retention allowance.  Revenue. 

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1476 OF 2011-2012.]


The Commonwealth of Massachusetts
 

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In the Year Two Thousand Thirteen

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An Act to establish a sales tax retention allowance.
 

              Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

              SECTION 1. Section 5 of chapter 64H of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by adding at the end thereof the following:-

              All vendors that collect sales tax shall be entitled to retain an amount equal to two per centum of the total amount of sales tax collected in any one calendar year. The total amount so retained in any calendar year by any one vendor, when combined with use taxes retained as provided in section 6 of chapter 64I, shall not exceed two thousand dollars. The vendor shall retain these amounts by deducting not more than two per centum of the sales tax collected during the standard reporting period. Upon reaching the annual maximum retention amount, the vendor shall not be entitled to deduct any further amount from collected sales taxes until the beginning of the next calendar year.

              SECTION 2. Section 6 of chapter 64I of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by adding at the end thereof the following: -

              All vendors that collect use tax shall be entitled to retain an amount equal to two per centum of the total amount of use tax collected in any one calendar year. The total amount so retained in any calendar year by any one vendor, when combined with sales taxes retained as provided in Section 5 of chapter 64H, shall not exceed two thousand dollars. The vendor shall not be entitled to deduct any further amounts from collected use taxes until the beginning of the next calendar year.

              SECTION 3. The act shall take effect on January 1, 2013.

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