Section 1. [Sales tax exemption] Authorizes a sales tax exemption for materials and supplies used or consumed in, capital equipment incorporated into, fixtures installed in, and privately owned infrastructure in support of the construction improvement or expansion of a qualifying industrial measurement manufacturing and controls facility. Sales tax on qualifying purchases is paid upfront and refunded after DEED determines that the company has met the following requirements: total capital investment in the facility is at least $60 million; the facility employs at least 250 FTEs not currently employed by the company in the state; and DEED determines that the expansion, remodeling, or improvement of the facility has a significant impact on the state economy. A company must apply for certification of eligibility for a sales tax refund no later than one year after final completion of construction, improvement, or expansion of the facility. Effective for sales and purchases made after June 13, 2013, through calendar year 2015.
Section 2. [Tax collected] Authorizes payment of refunds of sales tax paid on qualifying purchases by a facility allowed under section 1. Effective for sales and purchases made after June 30, 2013.
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