HB 1271-1_ Filed 04/08/2009, 10:06

COMMITTEE REPORT

MADAM PRESIDENT:

    The Senate Committee on Corrections, Criminal, and Civil Matters, to which was referred House Bill No. 1271, has had the same under consideration and begs leave to report the same back to the Senate with the recommendation that said bill be AMENDED as follows:

SOURCE: Page 1, line 1; (09)CR127101.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 6-2.5-6-17; (09)CR127101.1. -->     "SECTION 1. IC 6-2.5-6-17 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2009]: Sec. 17. (a) A retail merchant that is a consignee in a retail transaction shall collect and remit the state gross retail tax on the gross retail income received in a consignment sale.
    (b) The retail merchant shall provide the consignor purchaser an invoice that shows that the state gross retail tax was paid to the retail merchant with a clear notation on the invoice that the item was a consignment sale by the retail merchant on behalf of (insert the name of the seller) to (insert the name of the purchaser).
".
SOURCE: Page 1, line 5; (09)CR127101.1. -->     Page 1, line 5, delete "This" and insert " (a) Except as provided in subsection (b), this".
    Page 1, between lines 6 and 7, begin a new paragraph and insert:
    " (b) This chapter does not apply to a work of art that has a
value less than fifty dollars ($50).
".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1271 as printed January 23, 2009.)

and when so amended that said bill do pass.

Committee Vote: Yeas 9, Nays 1.

____________________________________

    Steele
Chairperson


CR127101/DI 106    2009