Issue Date: 1989-05-01
Revised Date: 2018-03-07

Legal Cites

Object Type

Cash — Personal Property

Origin Date

1989

Description

A discount is offered to state agencies collecting sales and use tax and depositing the receipts into the state treasury on a timely basis. The discount is 1/2 of 1% of the total tax collected for:

  • City sales tax
  • State sales tax
  • County sales tax
  • Metropolitan transit authority tax
  • City transit department tax

Due Date

Within three (3) days after collection.

Collecting Agencies

Note

This code is for the discount only. Separate codes have been established for the deposit of sales tax receipts. See Accounting Policy Statement No. 008 for sales tax codes. Title changes from Discount for Sales Tax -- State on September 1, 1996.

USAS Values

Appropriation Year 22
USAS Title DISCOUNT FOR SALES TAX-STATE AGYS & HE
Receipt Category 02 – Personal Property
Receipt Type 01 – Taxes
Object Group 16 – Agency/Trust Transactions (Revenue Objects)
USAS Status A
Rev/Exp Category 06 – SALES TAXES