General Bill
Review of Exemptions and Exclusions from the Tax on Sales, Use, and Other Transactions:
Requires Senate & House of Representatives to appoint Joint Legislative Review Committee to oversee review of exemptions from tax on sales, use, & other transactions & make recommendations regarding review; provides responsibilities of Joint Legislative Review Committee for purpose of reviewing 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 future elimination of all sales, rental, use, consumption, distribution, & storage tax exemptions under section except those for general groceries, medical, guide dogs for blind, hospital meals & rooms, household fuels, meals delivered by nonprofit volunteer organizations as charitable function, & certain books, lunches, & publications used or provided at schools for students grades K through 12.
Effective Date:
July 1, 2012
Last Event:
Died in Finance & Tax Committee on Friday, March 9, 2012 11:59 PM