On Friday, March 11, Representative Jim Pitts filed several accelerator bills. The bills (HB 3640, HB 3641, HB 3642, HB 3643) would require, among other things, a person who is liable for collecting and remitting the tax imposed by the various subchapters in the bills to file returns at the end of August instead of on or before September 25.
The bills would apply to gasoline & diesel fuel tax collections, certain franchise taxes, and mixed beverages taxes and fees on certain alcoholic beverages.
Accelerating the due dates of the various taxes could mean billions in additional revenue for the upcoming biennium.