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Legislation


1996 Regular Session

SENATE BILL 404

File Code: Taxes - Sales and Use Crossfiled with: HOUSE BILL 964
Sponsored By:
Senators Amoss, Hoffman, McFadden, Middleton, Kasemeyer, Munson, Cade, Lawlah, Hogan, Boozer, Ruben, Van Hollen, and Currie
Entitled:
Sales and Use Tax - Property for Consumption in a Production Activity

Synopsis:

Altering the definitions of "retail sale" and "use" under the sales and use tax to remove a requirement that tangible personal property that the buyer intends to consume directly and predominantly in a production activity must be consumed within 1 year after its first use in a production activity for the sale of that property to be exempt.

Legislative History

Senate Action
1/31
First Reading Budget and Taxation
Hearing 2/2 at 1:00 p.m.
House Action
No Action
Sponsored by:
Senator William H. Amoss, District 35
Senator F. Vernon Boozer, District 9
Senator John A. Cade, District 33
Senator Ulysses Currie, District 25
Senator Barbara A. Hoffman, District 42
Senator Patrick J. Hogan, District 39
Senator Edward J. Kasemeyer, District 12
Senator Gloria Gary Lawlah, District 26
Senator Nathaniel J. McFadden, District 45
Senator Thomas McLain Middleton, District 28
Senator Donald F. Munson, District 2
Senator Ida G. Ruben, District 20
Senator Christopher Van Hollen, Jr., District 18
Bill indexed under the following Subjects:
EXEMPTIONS
INDUSTRIAL MATTERS
PERSONAL PROPERTY
SALES AND USE TAX
Bill affects the following Statute:
Tax - General
( 11-101 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available
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