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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. 95 - Capital Equipment Sales Tax Exemption at Time of Purchase
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Author:
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Senator Charles W. Wiger
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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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January 30, 2013
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Section 1 removes the requirement that sales tax on capital equipment purchases must be paid upfront and then refunded. Under this bill, capital equipment purchases would be exempt from sales tax at the time of purchase.
Sections 2 to 4 strike references to refunds for capital equipment purchases. These provisions would no longer be needed if an upfront exemption is enacted.
This bill is effective for sales and purchases made after June 30, 2013.
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Check on the status of this bill
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Last review or update: 01/30/2013
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