Bill No.: HB0098 Drafter: JAR

LSO No.: 06LSO-0282 Effective Date: 1/1/2008

Enrolled Act No.: HEA0006

Chapter No.: 10

Prime Sponsor: Joint Revenue Interim Committee

Catch Title: Sales tax amendments.

Subject: The sourcing of sales and use tax that is to be collected on transactions subject to sales and use tax in this state.

Summary/Major Elements:

· This bill provides source locations for the imposition of sales or use tax for various transactions including:

o All retail sales;

o The lease or rental of tangible personal property;

o The lease or rental of a motor vehicle, trailer, semi-trailer or aircraft not defined as transportation equipment;

o The sale, lease or rental of transportation equipment;

o Transactions involving direct mail;

o Transactions involving telecommunications services, including mobile telecommunications services and prepaid calling services.

Comments:

Contains a delayed effective date: The act is effective January 1, 2008.