HB 7109 - Taxation Summary

• Authorizes counties to use tourist development tax revenues for publicly owned auditoriums operated by tax-exempt organizations and modifies definitions of nursing homes and inventory for property tax purposes.

• Creates sales and use tax exemptions for building materials, equipment rentals, and pest control services in rural areas of opportunity, and establishes exemptions for data center property meeting specified investment thresholds ($150 million cumulative capital investment required).

• Implements sales tax holidays for August 4-6, 2017 on clothing, school supplies, personal computers, and accessories (with price limits), and June 2-4, 2017 on disaster preparedness supplies.

• Eliminates various motor fuel license taxes and fees for terminal suppliers, importers, exporters, wholesalers, carriers, and terminal operators; eliminates aviation fuel, pollutant, and natural gas fuel retailer license fees.

• Provides property tax discounts for affordable housing developments (50% discount after 15 years), modifies charter school lease requirements, and establishes new definitions for beer and malt beverages; effective July 1, 2017, with select provisions effective immediately upon enactment.