Bill Text: MA S1376 | 2009-2010 | 186th General Court | Introduced
Bill Title: Restore vendor credits.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 9/30 at 10:00 AM in Hearing Room B2 [S1376 Detail]
Download: Massachusetts-2009-S1376-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Susan C. Tucker
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act restoring vendor credits.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Susan C. Tucker |
Second Essex and Middlesex |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE SENATE, NO. S01837 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act restoring vendor credits.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding DOR Directive 02-17 or any other written guidance from the Department of Revenue to the contrary, section 27 of chapter 62C of the General Laws, as so appearing in the 2006 Official Edition, shall be interpreted to allow the use of tax credits, so-called “vendor credits”, whereby taxpayers under audit for substantiated overpayments of Massachusetts sales/use taxes that are otherwise outside the statute of limitations for abatements contained in said section 27 of chapter 62C are allowed to offset any substantiated underpayments.
