2001 Senate Bill 877

Introduced in the Senate

Nov. 29, 2001

Introduced by Sen. Beverly Hammerstrom (R-17)

To establish that notwithstanding a recent change in the definition contained in the Single Business Tax (SBT) regulations of “sales” versus “gross receipts,” a licensed food establishment that is a franchisee would be authorized to subtract from the base used to determine liability under the SBT the franchise fee paid to a franchisor.

Referred to the Committee on Finance