S.B.
65
SALES AND USE TAX EXEMPTION MODIFICATIONS
Senate Committee
Amendments
Amendment 1 February 13, 2014 12:43 PM
Senator Howard A. Stephenson
proposes the following amendments:
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
have an economic life of three or
more years and are used
:
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
;
Page 1 of 1
LRGC
rrockwell
rrockwell