Legislative Session number- 86

Bill Name: SF2701

Relating to taxation

ARTICLE 1 - INDIVIDUAL INCOME AND CORPORATE FRANCHISE
TAXES

Modifying tax administration and compliance

ARTICLE 2 - SALES AND
USE TAXES

Modifying vendor sales taxes refunds, seller and purchaser
liability relief, placing certain requirements on local government units allowed
to collect local taxes

ARTICLE 3 - SPECIAL TAXES

Allowing petroleum
(gasoline) and cigarette (tobacco) license cancellation or nonrenewal under
certain conditions; modifying cigarette weighted average retail price; modifying
the (insurance) gross premiums definition and allowing additional taxes or
surcharges

ARTICLE 4 - PROPERTY TAXES

Allowing local government assessors
to prepare appraisals; modifying filing dates, wind energy conversion (WECS)
failure to report consequences, manufactured home park cooperative homestead
treatment and agricultural property
(rt)