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SB16-124 Machine Tools Sales Tax Exempt Recovered Materials

CONCERNING SALES AND USE TAX TREATMENT OF EQUIPMENT USED FOR PROCESSING RECOVERED MATERIALS

View the Official Bill

Status

06/08/2016 Governor Signed

Sponsors

GRANTHAM/PRIOLA

Purchases of machinery or machine tools to be used in Colorado directly and predominantly in manufacturing tangible personal property are currently exempt from state sales and use tax. The bill would extend the exemption to machinery or machine tools purchased by a business to process recovered materials

Fiscal Impact

This entry was posted on Thursday, June 9th, 2016.