Bill No.: HB0143                  Drafter:  MQ

LSO No.:  11LSO-0221              Effective Date:  7/1/2011

Enrolled Act No.:  HEA0043

Chapter No.:       83

Prime Sponsor:     Representative Miller

Catch Title:       Manufacturing tax exemption.

Subject:  Extends the sales and use tax exemption for manufacturing equipment and amends reporting requirements.

Summary/Major Elements:

· Extends the expiration date for the sales/use tax exemption for manufacturing equipment from December 31, 2011 to December 31, 2017.

Comments:

· Report Required - Amends the reporting requirements for any person utilizing the exemption.  If requested by the department of revenue, any person shall report to the department of revenue the amount of sales/use tax exempted, the number of jobs created or impacted by the utilization of the exemption, and a history of employment in terms of numbers of employees, full-time and part-time as classified by the North American Industry Classification System (NAICS).