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IN HB1018

Bill

Official Source

Status

Introduced

1/5/2016

Primary Sponsor

Doug Gutwein

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Adds new section IC 6-2.5-5-47 to the Indiana Code effective July 1, 2016
  • Defines "drainage water management system" as a subsurface system of drainage tubing, drainage tiles, water flowgates, control valves, and related control systems for controlled water drainage from agricultural crop production land
  • Exempts transactions involving components of a drainage water management system from Indiana's state gross retail tax
  • Exemption applies only if the person acquiring the component is engaged in the business of agriculture

Legislative Description

Sales tax exemption for drainage water management. Provides that a component of a drainage water management system intended for use on agricultural land used for crop production is exempt from sales tax if the person acquiring the component is engaged in the business of agriculture.

Last Action

First reading: referred to Committee on Ways and Means

1/5/2016

Committee Referrals

Ways and Means1/5/2016

Full Bill Text

No bill text available