Pennsylvania SB729 amends sales and use tax filing deadlines for certain businesses.
Pennsylvania SB729 modifies the sales and use tax filing deadlines for businesses. Specifically, it requires businesses with a tax liability between $25,000 and $100,000 for the third quarter of the previous year to file a single monthly return by the 20th of each month. The bill specifies that the amount due should be 50% of the previous month's tax liability or 50% of the average tax liability for the same month in the previous year. This change applies to businesses that were in operation during the same month of the previous year. The bill takes effect 60 days after enactment.
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