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2004 SPECIAL SESSION I

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SB 5003 RS & UT; eliminates most public service corporation exemptions, reduces tax on certain foods.

Introduced by: Frederick M. Quayle | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax exemptions. Eliminates most sales and use tax exemptions for public service corporations and reduces the state sales and use tax on food by one-half percent. The bill also dedicates remaining revenue savings (remaining after paying the cost of the reduction in sales tax on food) to paying a portion of various public safety items.


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