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
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Bill History
Date Chamber Action 12/7/2011 House • Filed
12/21/2011 House • Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Economic Affairs Committee -HJ 93
1/10/2012 House • Introduced -HJ 93
3/9/2012 House • Died in Business and Consumer Affairs Subcommittee
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HB 953, Original Filed Version (Current Bill Version) Posted 12/7/2011 at 2:06 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1616 Tax Exemptions for Building Materials Siplin Identical Last Action: 3/9/2012 S Died in Community Affairs
Location: In committee/council (CA)
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 212.08 Sales, rental, use, consumption, distribution, and storage tax; specified exemptions. Page 1 (pdf)