Pennsylvania HB315 amends the sales and use tax to adjust the discount for prompt payment of tax.
Pennsylvania HB315 modifies the sales and use tax by altering the discount available to licensees for prompt payment of tax. The bill specifies that a discount is granted if the tax shown to be due is paid within the prescribed time. The discount is the lesser of one percent of the tax collected or a fixed amount based on the frequency of filing returns. The bill also adjusts the discount rates for different filing frequencies. This act will take effect 60 days after enactment.
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