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ID H0039
Bill
Status
3/23/2015
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Removes the exemption for hand tools with a unit purchase price not exceeding $100 from Idaho's production exemption under Section 63-3622D, Idaho Code.
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Hand tools previously defined as instruments used or worked by hand are no longer exempt from sales and use taxes.
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All other production exemptions for manufacturing, processing, mining, farming, and fabricating operations remain unchanged.
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The amendment applies to tangible personal property used in production-related activities going forward.
Legislative Description
Amends existing law to remove a certain exception to the production exemption.
SALES TAX
Last Action
Reported Signed by Governor on March 23, 2015 Session Law Chapter 85 Effective: 07/01/2015
3/23/2015