HB 5031

Abstract

Amends the Gas Use Tax Law, the Gas Revenue Tax Act, the Telecommunications Infrastructure Maintenance Fee Act, and the Electricity Excise Tax Law. Increases the limit that the monthly tax liability of certain taxpayers may not exceed before the Department of Revenue may authorize those taxpayers to file a quarter-annual or annual tax return instead of a monthly tax return. Provides that certain taxpayers whose average monthly tax liability exceeds $25,000 (instead of $10,000) must make estimated weekly payments to the Department. Effective on July 1, 2004.