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Senate Counsel, Research
and Fiscal Analysis
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G-17 State Capitol
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75 Rev. Dr. Martin Luther King Jr. Blvd.
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St. Paul, MN 55155-1606
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(651) 296-4791
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Fax: (651) 296-7747
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Tom Bottern
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Director
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Senate
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State of Minnesota
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S.F. No. 1482 - Capital Equipment Sales Tax Exemption at Time of Purchase
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Author:
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Senator Charles W. Wiger
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Prepared By:
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Nora B. Pollock, Senate Counsel (651/297-8066)
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Date:
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March 5, 2012
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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.
Sections 2 to 4 strike 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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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 03/05/2012
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