If enacted, this bill would amend current statutes regarding the sourcing of transaction privilege tax (TPT) transactions involving tangible personal property. Specifically, it would clarify that the location of servers used to transmit order information does not determine where an order is received for TPT purposes. The current law states that an order is received at the seller's business location, but the bill would insert language to specify that the order is considered received at the seller's business location regardless of where the order is accepted or approved.

Additionally, the bill introduces a definition for "business location," describing it as a physical space where business is conducted. It also makes several technical changes to the existing definitions related to car sharing and shared vehicle transactions, while deleting outdated definitions. The bill includes an applicability clause, stating that the changes would take effect for taxable periods beginning on or after the first day of the month following the general effective date.

Statutes affected:
Introduced Version: 42-5040
House Engrossed Version: 42-5040