SB 1572 (2012) -  Businesses Located in Enterprise Zones

by Smith
Clarifying that the tax exemption for business property purchased for use by businesses located in an enterprise zone applies to the use tax and not just the sales tax; specifying that the monetary caps applicable to the sales and use tax exemption for such business property are calculated on a per item basis; deleting a provision limiting sales and use tax refunds for such business property to amounts in excess of $100 on purchases made within a specified time period; revising the definitions of the terms “eligible business,” “job,” and “new job has been created” for purposes relating to application of the enterprise zone jobs credit against the sales tax, etc.
Effective Date: 07/01/2012
Last Event: 03/09/12 S Died in Commerce and Tourism on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
  • Budget

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Commerce and Tourism Time: 03/09/2012 - 11:59 PM Member: Committee: Version: __
Event: S Introduced -SJ 160 Time: 01/13/2012 - 5:44 PM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Budget -SJ 160 Time: 01/13/2012 - 1:13 PM Member: Committee: Version: __
Event: S Filed Time: 01/06/2012 - 11:09 AM Member: Committee: Version: __