Agenda 02/09/1999 - Laserfiche WebLink

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provides PEO services or temporary help services; a "contract employee" means an employee performing services under a PEO sen,ices contract or temporary help contract; "employee benefits" means wages, salttries, payro.ll taxes, payroll deductions, workers' compensation costs, benefits, and similar expenses'; "PEO services" or "professional employer organization services" means an arrangement whereby a staffin~ firm assumes employer responsibility for payroll, benefits, and other huntan resources functions with respect to employees of a client company with no restrictions or limitations on the duration of onployment; "PEO services contract" means a contract pursuant to which a staf~ng fir~n provides PEO sen,ices for a client company; "staffing firm" means any individual, corporation, partnership, association, company, business, trust, joint venture, or other !dgal entiO, that provides PEO services or temporary help sen,ices; "temporary help sen,ices" means an arrangement whe. reby a staffing firm temporarily assigns employees to support or supplement a client company's workforce; and "temporary help sen, ices contract" means a contract pursuant to which a staffing firm provides temporary help services for a client company. (c) The following shall be also deducted from gross receipts or gross purchases that would otherwise be taxable: (1) Any amount paid for computer hardware and soecware sold to a Federal or state government entity in the United States, provided that such property was purchased within two years of the sale to the said government entity by the original purchaser who shall have been contractually obligated at the time of the purchase to resell such property to the' Federal or state government entity. This deduction shall not occur until the time of resale and shall apply to only the original cost of the property and not to its resale price, and the deduction shall not apply to any of the tangible personal property which was the subject of the original resale contract if it is not resold to a Federal or state government entity in accordance with the original contract obligation. (2) Any receipts attributable to business conducted in another state or foreign country in which the taxpayer is liable for an income or other tax based 'upon income. (d) In ascertaining the liability of a beer wholesaler for license taxes as a wholesaler under sections 11-21 through 11-35 and in compuung the amount of license taxes as a wholesaler payable by such beer wholesaler, the first $500,000 of beer pu. rchases shall be disregarded. (e) In ascertaining the liability of a wine wholesaler for license taxes as a wholesaler under sections 11-21 through 11-35 and in computing the amount of license taxes as a wholesaler payable by such wine wholesaler, the first $100,000 of wine purchases shall be disregarded. 60 Commission merchants shah be taxed only on commission income and not on total gross receipts from sales.