Official Text and Analysis.

Repeals bottled water retail sales tax preference. Narrows state use tax preference for self-produced fuels to only biomass. Requires marketplace facilitators, referrers, and their sellers to collect and remit sales or use tax, or comply with notice and reporting requirements. Modifies the streamlined sales tax mitigation program for fiscal years 2018 and 2019. Eliminates the streamlined sales tax mitigation programs beginning October 1, 2019. Expands economic nexus for Business & Occupation (B&O) tax. Provides the bill with an emergency effective date of: Immediately for Parts II (except for section 213, which takes effect July 23, 2017), IV, and V; August 1, 2017, for Part I; and July 1, 2017, for Part III.

(1) Implements the public utility tax on fuel extracted, manufactured, and consumed in petroleum production over four years beginning on January 1, 2018. (2) Changes the distribution of public utility privilege tax revenues to the state and local government from June to the first business day of July.