Effective from July 1, 2012, this bill greatly impacts how electronic cash registers are regulated within the state. By specifically outlawing the possession and use of devices that misrepresent sales data, the bill tightens oversight on retail operations and aims to ensure accurate reporting of sales and taxes. Additionally, confiscated devices will be deemed contraband, giving state authorities a strong tool for enforcement against tax-related crimes.
Summary
House Bill 5421 aims to combat tax evasion through the use of 'zappers,' which are automated sales suppression devices designed to falsify transaction records in electronic cash registers. The bill defines these devices and establishes stringent penalties for individuals who willfully sell, purchase, install, or possess such equipment. The law seeks to enhance state tax revenue by curbing methods of tax avoidance that exploit technology meant for sales processing.
Sentiment
The sentiment surrounding HB 5421 appears generally supportive among lawmakers, particularly as it targets a pressing issue of tax evasion that affects state revenues. Lawmakers favoring the bill argue it is essential to maintain a fair tax system and promote compliance among retailers. However, some concerns may persist regarding the implications for businesses using legitimate technologies, highlighting a balance that needs to be addressed.
Contention
Notable points of contention may arise around the enforcement of the provisions outlined in the bill, particularly regarding the definitions of what constitutes a zapper or phantom-ware. Discussions could focus on the potential for overreach in regulation and how it could affect retailers, especially small businesses that may be inadvertently impacted by strict controls. Ensuring clear guidelines and fairness in enforcement will be crucial in the implementation of this legislation.
Relating to appointment of and performance of notarial acts by an online notary public and online acknowledgment and proof of written instruments; authorizing a fee and creating a criminal offense.