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IN HB1046

Bill

Official Source

Status

Passed

4/15/2015

Primary Sponsor

Greg Beumer

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • The legislative council is urged to assign two tax exemption topics to an interim study committee during the 2015 interim period
  • Study whether sales transactions involving precious metals bullion or currency should be exempt from Indiana's state gross retail tax
  • Study whether lease or rental transactions for storage of precious metals bullion or currency should be exempt from Indiana's state gross retail tax
  • The provision becomes effective July 1, 2015 and expires December 31, 2015

Legislative Description

Study of sales tax exemptions for bullion or currency. Refers the following questions to the legislative council for assignment to an appropriate interim study committee: (1) Whether sales of precious metals bullion or currency should be exempt from sales tax. (2) Whether the lease of storage for precious metals bullion or currency should be exempt from sales tax.

Last Action

Public Law 16

4/15/2015

Committee Referrals

Tax and Fiscal Policy2/25/2015
Ways and Means1/6/2015

Full Bill Text

No bill text available