The proposed bill, if enacted, would amend current statutes regarding the sourcing of transaction privilege tax (TPT) for retail sales of 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. This change would be inserted into the existing statute, which currently states that an order is 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 activities occur.

The bill also makes several technical changes, including the renumbering of existing definitions and the deletion of outdated terms. It removes certain definitions that are no longer relevant and updates the numbering of the remaining definitions accordingly. 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 of the act.

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