Bill Text: IN HB1214 | 2013 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Sales and use tax exemption.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2013-01-31 - Referred to Committee on Ways and Means pursuant to House Rule 127 [HB1214 Detail]

Download: Indiana-2013-HB1214-Introduced.html

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Introduced Version

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HOUSE BILL No. 1214

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DIGEST OF INTRODUCED BILL

Citations Affected: IC 6-2.5-5-47.

Synopsis: Sales and use tax exemption. Provides a state sales and use tax exemption for the sale of enterprise information technology equipment that qualifies for the personal property tax exemption in a high technology district area. (The introduced version of this bill was prepared by the interim study committee on economic development.)

Effective: July 1, 2013.

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Messmer, Hale

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    January 10, 2013, read first time and referred to Committee on Commerce, Small Business and Economic Development.

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Introduced

First Regular Session 118th General Assembly (2013)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2012 Regular Session of the General Assembly.

HOUSE BILL No. 1214

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    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-2.5-5-47; (13)IN1214.1.1. -->     SECTION 1. IC 6-2.5-5-47 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2013]: Sec. 47. (a) As used in this section, "eligible business" has the meaning set forth in IC 6-1.1-10-44.
    (b) As used in this section, "enterprise information technology equipment" has the meaning set forth in IC 6-1.1-10-44.
    (c) As used in this section, "high technology district area" has the meaning set forth in IC 6-1.1-10-44.
    (d) As used in this section, "qualified property" means tangible personal property that consists of enterprise information technology equipment purchased after June 30, 2013, and any additions to or replacements to that property.
    (e) A transaction involving qualified property is exempt from the state gross retail tax if:
        (1) a designating body has established a high technology district area that exists on the date of the transaction;
        (2) the designating body has entered into an agreement under

IC 6-1.1-10-44(i) with an eligible business; and
        (3) the eligible business acquires qualified property for installation and use in the high technology district area.
    (f) This section applies to transactions that occur after June 30, 2013.