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Recycling News

HB15-1386 Align Recycling & Machine Tool Tax Exemptions

CONCERNING THE STATE SALES AND USE TAX TREATMENT OF EQUIPMENT USED FOR WASTE DIVERSION OR RECYCLING, AND, IN CONNECTION THEREWITH, ALIGNING THE SALES AND USE TAX TREATMENT OF EQUIPMENT USED FOR WASTE DIVERSION OR RECYCLING WITH THE SALES AND USE TAX TREATMENT OF MACHINERY AND MACHINE TOOLS USED IN MANUFACTURING TANGIBLE PERSONAL PROPERTY

View the Official Bill

Status

05/05/2015 Senate Committee on Appropriations Postpone Indefinitely

Sponsors

SINGER/PRIOLA/SCOTT/HEATH

Summary

Under current law, machinery and machine tools used in manufacturing tangible personal property are exempt from the state sales and use tax; however, equipment used for waste reduction or recycling purposes is not. For the calendar year 2015, the bill allows a taxpayer who operates a recycling or composting facility that submits a recycling or composting facility annual report to the department of public health and environment to apply for a refund of any state sales tax or use tax paid for waste reduction or recycling equipment. The bill specifies the types of equipment to which the refund applies and specifies procedures for applying to the department of revenue to receive the refund. For the calendar years 2016 and 2017, the refund is changed from a refund to a sales and use tax exemption.

Fiscal Impact

This entry was posted on Thursday, April 30th, 2015.