Staff Analysis of the Legislation
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This bill extends the existing state and local sales and use tax exemption for the sale or use of property used in the renovation or construction of an aquarium until January 1, 2022. New conditions are added which require annual submission to the legislature of a report showing the total number of visitors, the average monthly number of full-time employees, and the total amount of exempt purchases. The maximum amount of the exempted taxes is also increased. |
