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IN HB1620
Bill
Status
1/22/2019
Primary Sponsor
Holli Sullivan
Click for details
AI Summary
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Creates a 100% sales tax exemption for tangible personal property purchased to comply 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 operating safety devices, facilities, or structures, as well as safety-related items like clothing, protective gear, and monitoring devices
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Applies to two categories of purchasers: businesses engaged in mining, and vendors providing goods or services on mine safety regulated sites to mining businesses
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Adds new section IC 6-2.5-5-30.1 to the Indiana Code concerning taxation
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Effective date: July 1, 2019
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
1/22/2019