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HB 0125 - Sales and Use Taxes - Exemption for Equipment for Boat Repairs/Maintenance Exceeding $500,000
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Tracking Level: Oppose
Sponsor: Ron Stephens (R)
Last Action: 7/1/2017 - Effective Date
House Committee: Ways & Means
Senate Committee: Finance
Assigned To:
Larry RamseyNext Bill
Sales Tax-LocalNext Bill

Staff Analysis of the Legislation

As amended in the Senate Finance Committee, this bill caps the maximum sales tax on equipment, etc. for boat repairs at $35,000. Annual reporting would be required on the economic impacts of businesses qualifying for sales tax exemptions over this amount. This legislation would sunset in 2020.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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