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1997 SESSION

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HB 269 Sales tax exemption; property purchased by contractors.

Introduced by: Roger J. McClure | all patrons    ...    notes | add to my profiles

SUMMARY:

Sales and use tax on property purchased by contractors. Clarifies that the sales and use tax does not apply to tangible personal property acquired for resale under a contract for the provision of services to a governmental entity. Currently, such personal property is taxed as if it was consumed by the contractor, thereby subjecting the property to the sales and use tax.


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