SB 440 Amends provisions for the exemption from sales and use tax of electricity used in manufacturing
Sponsor: Ridgeway
LR Number: 1620S.01I Fiscal Note: 1620-01
Committee: Ways & Means
Last Action: 4/7/2005 - Hearing Conducted S Ways & Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2005

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Current Bill Summary


SB 440 - Under current law, in order for a manufacturer to receive an exemption from sales tax for electrical energy used in the primary manufacture of a product, the manufacturer must prove that the total cost of electricity used exceeds ten percent of the total cost of production or that the raw materials used in the primary manufacture of a product contain at least twenty-five percent recovered materials. This act creates a rebuttable presumption that the raw materials used in the primary manufacture of automobiles contain at least twenty-five percent recovered materials.

JASON ZAMKUS