BILL · 1997–98 SESSION

SB 5543: Distressed area investmnt/tx

Deferring sales and use tax for rentals of machinery and equipment used in the installation and construction of investment projects in distressed areas.

Summary

  • The Distressed Area Sales/Use Tax Deferral/Exemption Program is expanded to include the rental of machinery and equipment used for the construction and/or installation of an eligible investment. It is applied to projects for which a deferral is approved after June 30, 1997.

From the Senate Bill Report (SB 5543), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 30, 1997
  2. Out of committee
  3. Passed SenateApr 8, 1997
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Sid Snyder (D-19)
Introduced
January 30, 1997 in the Senate
Last action
February 25, 1998
Requested by
State agency
Companion bill
HB 1333
Budget
Has a fiscal note

Sponsors

Prime sponsor: Sid Snyder (D-19)

5 co-sponsors (2 Democrats, 3 Republicans)

Votes

Senate · Final Passage

April 8, 1997
Version voted on: SB 5543
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat23000
Republican24002
How each member voted

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 5543 in other sessions

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

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