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IN HB1341
Bill
Status
1/12/2016
Primary Sponsor
Holli Sullivan
Click for details
AI Summary
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Exempts tangible personal property from Indiana state gross retail tax if acquired for compliance with state, local, or federal mining safety statutes, regulations, or standards.
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Covers property that constitutes, is incorporated into, or is consumed in operation of a device, facility, or structure used for mine safety purposes.
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Includes safety-related items such as clothing, protective gear, monitoring devices, or similar items used for mining safety compliance.
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Applies to persons engaged in the business of mining or providing goods or services on mine safety regulated sites to mining businesses.
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Provides 100% exemption of the total sales price from state gross retail taxes for qualifying property, effective July 1, 2016.
Legislative Description
Sales tax exemption for mining safety property. Provides a sales tax exemption for property acquired for the purpose of complying with mining safety statutes or regulations if the person acquiring the property is engaged in: (1) the business of mining; or (2) providing goods or services on a mine safety regulated site to one or more persons engaged in the business of mining.
Last Action
First reading: referred to Committee on Ways and Means
1/12/2016