The proposed bill would amend current statutes regarding transaction privilege taxes by updating the language to clarify that taxes imposed by the article are in addition to all other licenses and taxes levied by law. Specifically, it would replace the phrase "shall be" with "are" to affirm the ongoing applicability of these taxes. This change aims to enhance clarity and ensure that the tax obligations are clearly understood as supplementary to other legal requirements.

Additionally, the bill introduces new language that emphasizes the relationship between the transaction privilege taxes and other licenses and taxes, reinforcing that these taxes are not standalone but rather part of a broader framework of financial obligations for businesses. The overall effect of these updates would be to streamline the statutory language while maintaining the existing legal framework governing transaction privilege taxes.

Statutes affected:
Introduced Version: 42-5038