General Bill
Review of Exemptions and Exclusions from the Tax on Sales, Use, and Other Transactions:
Provides additional responsibilities of Joint Legislative Sunset Committee to review exemptions from general state sales & use tax & exclusions of sales of services from such taxation; provides for meetings & governance by joint rules; specifies powers & duties; provides for reports; requires continuing periodic review of sales tax exemptions & exclusions; provides for legislative proposals; provides for futures abolition of specified tax exemptions except for general groceries, medical, guide dogs for blind, & household fuels; repeals exemption for equipment, machinery, & other materials for pollution control, exemption for research or development costs, partial exemption for air carriers' maintenance bases, limited exemption for education, exemption for qualified aircraft, legislative intent that political subdivisions & public libraries use sales tax exemption certificates for certain purchases, trade-ins deducted, credit for job creation in enterprise zones, Urban High Crime area job tax credit, rural job tax credit, & future repeal of certain provisions relating to various sales & use tax exemptions, exclusions, & credits.
Effective Date:
July 1, 2009
Last Event:
Died in Finance & Tax Council on Saturday, May 2, 2009 12:00 AM