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Fiscal Note20212022 Legislative SessionHF40 1A State Rent Assistance Program EstablishedChief Author: Committee: Date Completed: Agency:Michael Howard Housing Finance and Policy 2/14/2022 1:18:59
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The Democrats propose a quarter-cent sales tax as a funding mechanism for various public services and infrastructure projects.
Businesses that collect sales tax from consumers are required to file reports on the quarter-cent sales tax.
To fill out the proposal for quarter-cent sales, businesses must complete the necessary tax forms detailing sales collected and submit them to the relevant tax authority.
The purpose of the quarter-cent sales tax proposal is to generate revenue for essential services such as education, healthcare, and public safety.
Businesses must report total sales, the amount of sales tax collected, and any exemptions applied on the quarter-cent sales tax filings.
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