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2003 SESSION
SB 832 Sales and use tax; exemptions; organizations to apply for a refund.
Introduced by: Henry L. Marsh III | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Sales and use tax; sales tax exemptions for organizations authorized to apply for a refund of tax. Provides that certain organizations that are authorized under current law to apply for a refund of sales and use taxes shall be exempt from such taxes beginning July 1, 2003. Organizations that (i) acquire land and purchase materials to erect or rehabilitate low-cost homes and then sell such homes at cost or (ii) repair or rehabilitate homes owned and occupied by low-income persons who could not otherwise afford to finance such rehabilitation or repair are authorized under current law to apply for a refund of sales and use taxes. These organizations would be exempt from such taxes beginning July 1, 2003.
FULL TEXT
HISTORY
- 01/08/03 Senate: Presented & ordered printed, prefiled 01/06/03 039011460
- 01/08/03 Senate: Referred to Committee on Finance
- 01/29/03 Senate: Passed by indefinitely in Finance (10-Y 5-N)