SB 245
Authorizes a sales tax exemption for certain property sold at auction
Sponsor:
LR Number:
0400S.01I
Last Action:
3/26/2025 - SCS Voted Do Pass S Economic and Workforce Development Committee (0400S.02C)
Journal Page:
Title:
Effective Date:
August 28, 2024

Current Bill Summary

SCS/SB 245 - This act authorizes a state and local sales tax exemption for sales of tangible personal property, excluding motor vehicles, trailers, boats, or outboard motors, that is sold a second or additional time at an auction.

This act is identical to provisions in HCS/HB 1427 (2024), and is substantially similar to provisions in HCS/HB 149 (2025), HCS/HBs 493 & 635 (2025), and HB 1029 (2025).

JOSH NORBERG

Amendments

No Amendments Found.