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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 Ramsey	Next Bill
Sales Tax-Local	Next 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