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 or approved. The bill would clarify that the location of servers used to transmit this information does not affect where the order is deemed to be received. Additionally, it introduces a definition for "business location," specifying it as a physical space where business activities occur.

The bill also makes several technical changes, including the renumbering of definitions related to car sharing and leasing. It deletes outdated definitions and replaces them with updated references to "business location." Furthermore, the bill includes an applicability clause, stating that the new provisions will apply to 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