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AR HB1233
Bill
Status
4/27/2011
Primary Sponsor
Bruce Westerman
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AI Summary
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Exempts sales and use tax on construction materials produced in the United States and used in public construction projects funded by public entities.
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Defines "construction material" to include 32 specific categories such as appliances, asphalt, electrical equipment, plumbing fixtures, ready-mix concrete, roofing materials, steel building materials, and wood products.
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Requires materials to be either wholly produced in the United States or substantially transformed in the United States into a new and different manufactured good to qualify for the exemption.
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Applies the exemption only to the portion of construction projects paid for with public funds from the state, political subdivisions, or federal government.
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Directs the Director of the Department of Finance and Administration to promulgate rules for implementation, effective the first day of the calendar quarter following the act's enactment.
Legislative Description
To Promote Sustainable Economic Development And Domestic Job Growth; And To Create An Exemption From Sales And Use Tax For Certain Construction Materials Used For Public Construction Projects.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011