TPT Reform - Will 2017 Be the Year of the Fix?
By David James, FNF Construction Inc.
Never fear, TPT reform is still on the legislative horizon. But as this newsletter goes to print, there is little to report to our membership. Certainly the push by our legislators continues to be towards a more "pure" point of sale taxing method. But the serious concerns by the League of Cities as to allocation and amount of funds remain a stumbling block; at least for them. Accordingly, the League has put forth several alternatives which would place much of the industry back in the GRT world. Legislators, most notably Representative Regina Cobb, are working on legislation that would go the POS route, and should be made public shortly. Several CFMA members are keeping a close watch for Rep. Cobb's proposal, as well as any movement by the League, and will be certain to keep our CFMA membership informed!
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