Louisiana 2016 Regular Session

Louisiana House Bill HB1037

Introduced
4/5/16  
Introduced
4/5/16  
Refer
4/6/16  

Caption

Establish notification and reporting requirements relative to retail sales made in Louisiana by remote retailers (OR SEE FISC NOTE GF RV)

Impact

If enacted, HB 1037 will significantly alter how remote retailers operate within Louisiana. It will provide the Louisiana Department of Revenue with greater authority to compel compliance through penalties and enforce other regulations. Retailers who fail to provide the necessary notifications or information may face financial penalties, including $5 for failure to inform purchasers of the use tax at the point of sale and $10 for failing to send the annual notice. This change is expected to enhance revenue collection for the state and ensure that consumers are fully informed of their tax obligations.

Summary

House Bill 1037, introduced during the 2016 Regular Session, aims to establish comprehensive notification and reporting requirements for remote retailers that conduct business in Louisiana. Specifically, it mandates that remote retailers generating over $50,000 in sales per year notify Louisiana purchasers of their tax liabilities and submit annual statements to the Louisiana Department of Revenue. This bill marks a shift from previous regulations, which required different disclosure methods, thereby consolidating and clarifying the roles of remote retailers in tax collection.

Sentiment

The sentiment surrounding HB 1037 appears to be generally positive among legislative supporters who believe that the bill will help bring remote sales into clearer compliance with Louisiana's tax laws. However, concerns have been raised regarding the increased burden on smaller remote retailers, who may struggle with the administrative implications of the new reporting requirements. This has led to divided opinions among stakeholders, with advocates stressing fairness in taxation and opponents worrying about the potential for regulatory overreach.

Contention

Notable points of contention include debates over the financial burden that enforcement may place on smaller businesses. While supporters argue that enhanced compliance is necessary for equitable taxation, critics fear that the additional administrative burdens impose an unfair disadvantage to smaller retailers who may not have the resources to effectively navigate these requirements. The increased authority granted to the Department of Revenue to enforce these rules also raises concerns over the balance of power in tax regulation.

Companion Bills

No companion bills found.

Previously Filed As

LA HB1121

Establish notification and reporting requirements relative to retail sales made in Louisiana by remote retailers (EN SEE FISC NOTE GF RV See Note)

Similar Bills

LA HB1121

Establish notification and reporting requirements relative to retail sales made in Louisiana by remote retailers (EN SEE FISC NOTE GF RV See Note)

LA SB152

Moves the regulation of home service contract providers from the Department of Insurance to the secretary of state. (See Act)

LA HB547

Provides relative to collection of sales tax on remote sales (EN SEE FISC NOTE GF EX See Note)

LA HB524

To provide for market place facilitators (OR SEE FISC NOTE GF EX)

LA HB694

Establishes a program to authorize the granting of ad valorem tax exemption contracts by the Board of Commerce and Industry for certain businesses (EN DECREASE LF RV See Note)

LA SB332

Establishes a program to authorize the granting of ad valorem tax exemption contracts by the Board of Commerce and Industry for certain businesses.

LA HB8

Levies sales and use taxes on certain digital products and services (Items #8 and 13) (EN +$37,000,000 RV See Note)

LA HB647

Levies the Louisiana Petroleum Refinery Business Tax