HB 953: Tax Exemptions for Building Materials
GENERAL BILL by Fullwood
Tax Exemptions for Building Materials; Provides that copy of any valid permit issued by county or municipal building department for rehabilitation of real property in enterprise zone satisfies requirement that valid permit be included as part of application for refund of sales & use tax on building materials; clarifies exemption for building materials used in enterprise zone applies to use tax & not just sales tax; revises definition of term "building materials" to expand scope of sales or use tax exemption to include building materials that become component part of housing project or mixed-use project developments; revises definition of term "housing project" to include conversion of other buildings for purposes of redevelopment; revises definition of "mixed-use project" to include conversion of other buildings for purposes of redevelopment & expand required square footage set aside by developer to include certain housing construction in designated brownfield area; clarifies that exemption for building materials in redevelopment projects applies to use tax & not just sales tax; specifies that other documents reflecting payment of sales or use tax, not just invoices evidencing payment of tax, satisfy requirements relating to filing of application for refund of sales or use tax paid on building materials in redevelopment projects.
Last Action: 3/9/2012 House - Died in Business and Consumer Affairs Subcommittee
Bill Text: Web Page | PDF
• Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Economic Affairs Committee -HJ 93
• Introduced -HJ 93
• Died in Business and Consumer Affairs Subcommittee
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.