Provides 50 percent sales and use tax exemption for certain businesses in impacted municipalities during ongoing public highway project.
Introduced First Reading Assembly Referred to ACE
Summary
The bill lets qualifying retail businesses in municipalities with an active public highway project claim half of the normal sales and use tax for the duration of the project. Business owners must apply to the state tax director and receive written approval. The exemption ends automatically when the project is completed and the transportation commissioner notifies the tax director.
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