Allows sales tax credit for taxes paid to qualifying Indian tribes.
Allows a credit against sales taxes for taxes paid to qualifying Indian tribes. The credit is limited to the amount of taxes due under the state's sales tax minus the taxpayer's proportionate share of the monies distributed to qualifying Indian tribes. The credit is for taxes levied on the gross proceeds of sales or gross income from business conducted in the state. The qualifying Indian tribe may not transmit more than $1,750,000 for a community college and $875,000 for an additional technical college in any fiscal year.
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