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HB 0405 -
Level 1 Freeport Exemption - Remanufacture of Goods
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Tracking Level:
Neutral
Sponsor:
David Knight
(R)
Last Action:
7/1/2019 - Effective Date
House Committee:
Ways and Means
Senate Committee:
Finance
Assigned To:
Larry Ramsey
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Staff Analysis of the Legislation
This bill amends the Level 1 Freeport Exemption to include goods held for remanufacture and repair. The bill would also allow such goods to be held by the taxpayer's affiliates without losing the exemption.
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