Bill No.: HB0049                  Drafter:  MQ

LSO No.:  10LSO-0218              Effective Date:  3/4/2010

Enrolled Act No.:  HEA0014

Chapter No.:       33

Prime Sponsor:     Representative Madden

Catch Title:       Manufacturing sales & use tax exemption.

Subject:   Extends the sales/use tax exemption for manufacturing equipment.

Summary/Major Elements:

· Current sales/use tax exemption granted for the sale or lease of machinery used in manufacturing tangible personal property will expire on December 31, 2010.

· Bill extends the expiration date 1 year to December 31, 2011.