Mr. President:
The Revenue and Taxation Committee reports a favorable recommendation on S.B. 65,
SALES AND USE TAX EXEMPTION MODIFICATIONS, by Senator H. Stephenson, with the
following amendments:
Deidre M. Henderson
Voting: 6-0-3
1. Page
70, Lines 2151 through 2156
:
2151
(14) (a) amounts paid or charged for a purchase or lease:
2152
(i) by a manufacturing facility located in the state; and
2153
(ii) of machinery, equipment, or normal operating repair or replacement parts if the
2154
machinery, equipment, or normal operating repair or replacement parts
2155
(A)
are used
}
in the manufacturing process
to manufacture
{
or
process
}
an item sold as tangible personal property;
{
and
}
or
2156
(B)
have an economic life of three or more years
}
for a scrap recycler,
to process an item sold as tangible personal property
;
Respectfully,
Committee Chair
3 SB0065.SC1.wpd lelder/LGE RLR/LGE 2/13/14 5:08 pm
Bill Number
*SB0065*
SB0065