Guidance Document Information
Title |
Guidelines for the Accelerated Sales Tax Payment |
Document ID |
Sales and Use |
Summary |
Effective beginning with the accelerated sales tax payment due in June, 2011, legislation enacted in the 2011 Session of the General Assembly, House Bill 1500 (Acts of Assembly 2011, Chapter 890), increases the annual threshold for dealers and direct payment permit holders (“Dealers”) who are required to make an accelerated sales tax payment from $1 million of taxable sales and/or purchases to $5.4 million of taxable sales and/or purchases. |
Effective Date |
5/11/2011 |
View document text
Posted On 12/14/2017
Document on Town Hall
|
Explanation or Citations |
Legislation enacted in the 2011 Session of the General Assembly, House Bill 1500 (Acts of Assembly 2011, Chapter 890), increases the annual threshold for dealers and direct payment permit holders (“Dealers”) who are required to make an accelerated sales tax payment from $1 million of taxable sales and/or purchases to $5.4 million of taxable sales and/or purchases. |
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