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2004 SESSION

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SB 424 Contractors; classif. engaged in business of storing, maintain, or repair. vessels license tax pur.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Local license tax; contractors engaged in the business of storing, maintaining, or repairing vessels. Provides that any contractor who is primarily engaged in the business of storing, maintaining, or repairing vessels for use on water may elect to be classified for local license taxation purposes as a manufacturer. Contractors making the election shall be deemed to be manufacturers for local license tax purposes. Currently, manufacturers are exempt from local license taxes and fees.


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