BILL · 1997–98 SESSION

SB 5039: Business constructn tax defr

Providing sales and use tax deferral for new or expanded business operations.

Summary

  • Requires application for deferral of taxes to be made before initiation of construction of, or acquisition of equipment or machinery for the investment project. Directs the department to perform three assessments on the tax deferral program authorized under this act. Establishes a schedule for repayment of the deferred taxes.

From the Bill Digest (SB 5039), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 13, 1997
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
January 13, 1997 in the Senate
Last action
January 12, 1998
Budget
Has a fiscal note

Sponsors

Prime sponsor: Don Benton (R-17)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5039 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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