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IN HB1105
Bill
Status
1/8/2015
Primary Sponsor
Terry Goodin
Click for details
AI Summary
HB 1105 Summary
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Building owners in federally declared disaster areas are entitled to refunds of state sales and use tax paid on building materials used to repair damaged buildings or construct replacements, if materials are purchased after the disaster occurs.
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Eligible building materials include tangible personal property that becomes a permanent part of any structure, including residential, industrial, and commercial buildings.
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Refund claims must be filed with the Department of State Revenue within 4 years for disasters occurring between January 1, 2012 and December 31, 2015, or within 2 years for disasters occurring after December 31, 2015.
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Building owners may claim refunds directly and are not required to share refunded amounts with tax collectors, contractors, or subcontractors who originally paid the sales tax.
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The bill becomes effective upon passage and applies to disasters occurring after December 31, 2011.
Legislative Description
Sales tax refunds in disaster areas. Provides that a person who is the owner of a building that is located in a county declared a disaster area under federal law and that is damaged or destroyed as a result of a disaster occurring after December 31, 2011, is entitled to a refund of the state sales and use tax paid on the purchase of building materials that: (1) are used to repair the building or to construct a new building to replace the damaged or destroyed building; and (2) are purchased after the occurrence of the disaster by the owner
Last Action
Representative Stemler added as coauthor
1/13/2015