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IN HB1043

Bill

Official Source

Status

Introduced

1/7/2013

Primary Sponsor

Doug Gutwein

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

HB 1043 Summary

  • Exempts components of farm drainage systems from Indiana state sales tax when purchased by persons engaged in agriculture, effective July 1, 2013
  • Defines "farm drainage system" as drainage tubing, drainage tiles, and related control systems designed to facilitate agricultural land drainage
  • Exempts equipment used to install, repair, or maintain farm drainage systems from sales tax when purchased by agricultural businesses
  • Amends IC 6-2.5-5-47 to establish these sales tax exemptions

Legislative Description

Sales tax exemption for farm drainage property.

Last Action

First reading: referred to Committee on Ways and Means

1/7/2013

Committee Referrals

Ways and Means1/7/2013

Full Bill Text

No bill text available