This bill proposes updates to the current statutes regarding the sourcing of transaction privilege tax (TPT) transactions involving tangible personal property. Under the current law, an order is considered received when all necessary information has been received at the seller's business location, regardless of where the order is accepted. The bill introduces new language specifying that the location of servers used to transmit this information does not determine where the order is received. Additionally, it defines "business location" as a physical space where business is conducted.

The bill also makes several technical changes, including the renumbering of definitions and the removal of outdated terms. It deletes existing definitions that are no longer relevant and replaces them with updated language. Furthermore, the bill includes an applicability clause stating that the new provisions will 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