HB 1443 Creates several new exemptions; a tax holiday and a Revenue Department Oversight Board
Current Bill Summary
- Prepared by Senate Research -

SS/SCS/HB 1443 This act exempts from state and local sales and uses taxes admissions fees for licensed hunting areas, and feed and equipment used in the production of certain livestock.
DAVID TALLMAN

SA 2 - PROVIDES THAT SALES BY ANY ORGANIZATION GIVEN TAX- EXEMPT STATUS BY THE IRS SHALL BE EXEMPT FROM STATE SALES TAX.

SA 3 - ADDS STATE AGENCIES TO THE LIST OF ENTITIES EXEMPTED FROM THE SALES TAX ON PERSONAL PROPERTY USED FOR THE PURPOSE OF CONSTRUCTING, REPAIRING, OR REMODELING.

SA 4 - REDUCES DEDUCTIBILITY OF FEDERAL INCOME TAXES AND REPEALS THE SALES TAX ON FOOD.

SA 5 - REMOVES THE EXEMPTION CREATED BY THE BILL ON SALES OF FEED AND EQUIPMENT USED IN THE PRODUCTION OF CERTAIN POULTRY.

SA 6 - CREATES 100% EXEMPTION FROM SALES TAX OF DIESEL PURCHASED FOR USE IN AGRICULTURE.

SA 7 - EXEMPTS COFFINS, CASKETS, BURIAL CASES AND VAULTS UP TO $5,000 IN VALUE FROM SALES TAX.

SA 9 - EXEMPTS FROM TAXATION BULLION AND INVESTMENT COINS.

SA 10 - ALLOWS OVERPAYMENT OF PROPERTY TAXES TO BE CREDITED TOWARD SUBSEQUENT YEARS' TAX DUE OR IN THE ALTERNATIVE TO PROVIDE REFUND.

SA 11 - PROVIDES FOR HANDLING OF OVERCHARGES OF CIGARETTE TAX; REMOVES REQUIREMENT THAT INTRASTATE TRANSPORT OF CIGARETTES PRIOR TO RETAIL SALE DOES NOT REQUIRE STAMP EVIDENCING TAX.

SA 12 - CREATES $500 TAX CREDIT FOR AGRICULTURAL INVESTMENT WITH 3-YEAR CARRYBACK AND CARRYFORWARD.

SA 13 - CREATES A TAX CREDIT FOR UNPLANNED PREGNANCY RESOURCE CENTERS.

SA 14 - EXTENDS AND MODIFIES TAX EXEMPTION FOR CERTAIN SALES AND USES OF JET FUEL.

SA 1 TO SA 14 - MAKES TECHNICAL CORRECTIONS, RAISES LIMIT ON AVIATION TRUST FUND BALANCE TO $6 MILLION, AND EXTENDS TERMINATION DATE ON CERTAIN JET FUEL TAX EXEMPTIONS TO 2008.

SA 15 - EXEMPTS CERTAIN PHOTO PROCESSING MATERIALS FROM TAXATION.

SA 16 - CREATES THREE-DAY "HOLIDAY" FROM SALES AND USE TAXES.

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