• Accelerates payments for EFT vendors and sellers
  • Due dates for accelerated, estimated payment are the 11th, 18th and the 25th of the current month with the fourth payment due on the 23rd of the following month.
  • Vendors and sellers may choose to make the four estimated payments based on either the tax due from the same month of the preceding year or the actual tax due each week of the current month. 
  • Direct pay and consumer use tax permit holders must base the estimated payments based on the preceding year, same month.
• Permits the tax commissioner to assess and collect additional taxes and penalties for late filing and/or payment.
• Increases, temporarily, the vendor's discount from 0.75% to 1.1% (5/1/03 through 6/30/03)

Reduces payments to local government funds by $30 million