CONSTRUCTION MATERIALS GROSS RECEIPTS

Summary

The bill lets sellers of construction materials and labor subtract those sales from their gross receipts tax when the items are used for affordable multifamily housing and sold to a qualifying grantee. It applies to sales made before July 1, 2033 and is intended to lower costs for building affordable housing. The deduction will be counted in the state’s tax‑expenditure budget.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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