CHAPTER 44-18.1
Adoption of the Streamlined Sales and Use Tax Agreement

SECTION 44-18.1-37

§ 44-18.1-37. Monetary allowance for Model 2 sellers.

The member states initially anticipate that they will provide a monetary allowance to sellers under Model 2 based on the following:

(A) All sellers shall receive a base rate for a period not to exceed twenty-four months following the commencement of participation by a seller. The base rate will be set after the base rate has been established for Model 1. This allowance will be in addition to any discount afforded by each member state at the time.

(B) The member states anticipate a monetary allowance to a Model 2 Seller based on the following:

(1) For a period not to exceed twenty-four months following a voluntary seller's registration through the Agreement's central registration process, a percentage of tax revenue generated for a member state by the voluntary seller for each member state for which the seller does not have a requirement to register to collect the tax.

(2) Following the conclusion of the twenty-four month period, a seller will only be entitled to a vendor discount afforded under each member state's law at the time the base rate expires.

History of Section.
(P.L. 2006, ch. 246, art. 30, § 12.)