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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 480 - Capital Equipment Sales Tax Exemption at Time of Purchase (As Introduced)
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Author:
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Senator John Howe
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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March 5, 2012
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Section 1 removes the requirement that sales tax on capital equipment purchases must be paid upfront and then refunded. Capital equipment purchases would be exempt from sales tax at the time of purchase.
Section 2 strikes references to refunds for capital equipment purchases.
This bill is effective for sales and purchases made after June 30, 2013.
NBP:dv
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Check on the status of this bill
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Last review or update: 03/05/2012
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