House Bill

HB1045:

Eliminates the tax 'throwback rule' for multi-state businesses

Sponsor

Bill Primary sponsors

Beaty Jr.

Cosponsors

Filed: 1/9/2023 2:00:56 PM

Original Title

Eliminates the tax 'throwback rule' for multi-state businesses

Summary

What it does

This bill would get rid of a rule that generates tax revenue from multi-state businesses. The rule requires those businesses to pay taxes to the state on sales that are essentially “nowhere sales” – sales to the federal government or to untaxed entities. Rep. Howard Beaty Jr. estimated the reduction in state revenue from $25 million to $75 million.

Options: In Committee (first chamber)

Status

In House Revenue and Tax

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