HB 5601 Summary

• Shortens cigarette tax funding for Sanford-Burnham Medical Research Institute from 2033 to June 30, 2021, with annual appropriations not exceeding $3 million.

• Establishes certification process for spring training baseball facilities to receive state funding of up to $20 million per applicant (or $40 million with multiple franchises), with distributions beginning July 1, 2016.

• Lowers maximum certified takeoff weight threshold from 10,000 to 2,000 pounds for rotary wing aircraft to qualify for sales tax exemptions on repair, maintenance labor, and equipment.

• Deletes $7 million annual caps on tax refunds for qualified defense contractors and space flight businesses, and qualified target industry businesses.

• Creates 3-day sales tax holiday from August 2-4, 2013, exempting clothing and accessories ($75 or less), school supplies ($15 or less), and personal computers ($750 or less) from taxation.