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S.F. No. 480 - Capital Equipment Sales Tax Exemption at Time of Purchase (As Introduced)
 
Author: Senator John Howe
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 5, 2012



 

 

Section 1 removes the requirement that sales tax on capital equipment purchases must be paid upfront and then refunded.  Capital equipment purchases would be exempt from sales tax at the time of purchase. 

Section 2 strikes references to refunds for capital equipment purchases. 

This bill is effective for sales and purchases made after June 30, 2013.

NBP:dv

 
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