IN HB1448 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 17 2023 - 25% progression, died in committee
Action: 2023-01-17 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 17 2023 - 25% progression, died in committee
Action: 2023-01-17 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Sales tax exemption for agricultural equipment. Provides that a transaction involving a person's acquisition of agricultural machinery, tools, or equipment is exempt from the application of the state gross retail tax regardless of whether the person also intends to use the property for a nonexempt purpose and that such a transaction may not be prorated. Requires the department of state revenue to amend the administrative rules to conform with the provision added by the bill.
Title
Sales tax exemption for agricultural equipment.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-17 | House | First reading: referred to Committee on Ways and Means |
| 2023-01-17 | House | Authored by Representative Culp |
| 2023-01-17 | House | Coauthored by Representatives Cherry, Baird, Prescott |
Subjects
AGRICULTURE generally
PROPERTY TAXES, Abatements and Exemptions
REVENUE, DEPARTMENT OF
SALES AND USE TAXES
TAXES generally
PROPERTY TAXES, Abatements and Exemptions
REVENUE, DEPARTMENT OF
SALES AND USE TAXES
TAXES generally
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2023/bills/house/1448/details |
| Text | https://iga.in.gov/legislative/2023/bills/house/1448/#1.INTR |
