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HB15-1206 Sales & Use Tax Refund For Recycling Equipment

CONCERNING A REFUND OF STATE SALES AND USE TAXES PAID UPON MACHINERY OR EQUIPMENT USED IN THE RECYCLING PROCESS

View the Official Bill

Status

03/18/2015 House Committee on Finance Postpone Indefinitely

Sponsors

SINGER

Summary

For each of the calendar years 2015 through 2019, the bill allows a taxpayer to apply for a refund of any state sales tax or use tax paid for machinery or equipment used directly and primarily in the recycling or reprocessing of waste products. The bill specifies the types of machinery or equipment to which the refund applies and specifies procedures for applying to the department of revenue to receive the refund.

Fiscal Impact

This entry was posted on Monday, March 23rd, 2015.