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2018 Session

Budget Amendments - SB30 (Committee Approved)

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Reverse Expansion of Sales and Use Tax Exemption for Research and Development (language only)

Item 3-5.12 #1s

Item 3-5.12 #1s

Adjustments and Modifications to Tax Collections
Retail Sales and Use Tax Exemption for Research for Federally Funded Research and Development Centers

Language

Page 468, line 1, after "July 1, 2016", strike "and ending June 30, 2018".

Page 468, strike lines 6 through 7.

Page 468, line 8, strike "C" and insert "B".



Explanation

(This amendment reverses an expansion of the sales and use tax exemption for tangible personal property purchased by a federally funded research and development center sponsored by the U.S. Department of Energy.)