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Latest Update: Saturday, September, 06th 2008
Companion Bill HB3456.
Taxes, Sales - Exempts wood shavings, chips, and slabs from sales and use taxes when sold to qualified farmers and nurserymen. - Amends TCA Title 67, Chapter 6, Part 2. Fiscal Summary for *SB3830 / HB3456Decrease State Revenue - $88,000 Decrease Local Revenue - $28,300
Bill Summary for *SB3830 / HB3456
Under present law, sales of farm equipment and machinery to qualified farmers or nurserymen are exempt from the sales tax. Among the types of farm equipment and machinery that are eligible for the exemption is agri-sawdust.
This bill adds wood shavings, chips, and slabs to the types of farm equipment and machinery that are eligible for the sales tax exemption.
Latest Actions
- 05/14/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm.
- 05/13/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/14/2008
- 05/12/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/14/2008
- 05/08/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/12/2008
- 05/06/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/13/2008
show all actions- 05/14/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm.
- 05/13/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/14/2008
- 05/12/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/14/2008
- 05/08/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/12/2008
- 05/06/2008 - Action Deferred in Senate Finance, Ways and Means Comm. to 5/13/2008
- 04/08/2008 - Referred to Senate F,W&M Comm. w/neg. recommend
- 04/03/2008 - Placed on Senate Tax Sub Committee of F,W&M. Calendar for 04/08/2008
- 03/11/2008 - Action Deferred in Senate Tax Sub Committee of F,W&M. to 3/18/2008
- 03/06/2008 - Placed on Senate Tax Sub Committee of F,W&M. Calendar for 03/11/2008
- 01/29/2008 - Referred to Senate Tax Sub Comm.
- 01/23/2008 - Passed second consideration, Referred to Senate Finance, Ways and Means Comm.
- 01/17/2008 - Introduced, Passed first consideration
- 01/17/2008 - Filed for Introduction
show latest actions
Fiscal Notes
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