Text: HSB00500 Text: HSB00502 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, Code Supplement 1995, is
1 2 amended by adding the following new subsection:
1 3 NEW SUBSECTION. 50. The gross receipts from the sale of
1 4 property which is a container, label, carton, pallet, packing
1 5 case, wrapping, bailing wire, twine, bag, bottle, shipping
1 6 case, or other similar article or receptacle sold for use in
1 7 agricultural, livestock, or dairy production.
1 8 Sec. 2. APPLICABILITY. This Act applies to sales
1 9 occurring on or after July 1, 1996.
1 10 EXPLANATION
1 11 The bill establishes a sales and use tax exemption for
1 12 packaging materials such as twine, wrapping, bailing wire, and
1 13 containers used in agricultural, livestock, or dairy
1 14 production. The exemption would also apply to producers of
1 15 ornamental, flowering, or vegetable plants in commercial
1 16 greenhouses or other places which are for sale in the ordinary
1 17 course of business since that activity is considered
1 18 agricultural production as a result of enactment during the
1 19 1995 Session. The bill applies to sales occurring on or after
1 20 July 1, 1996.
1 21 LSB 3271IC 76
1 22 sc/sc/14
Text: HSB00500 Text: HSB00502 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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